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1/ Quick thoughts on #ETH Realm in #STEPN as of June 14, before the Townhall:
π£
- eGST artificial buys appear to have concluded
ποΈ The main whale has not made a Tx in 60 hours
Main 1: etherscan.io/tokentxns?a=0xβ¦
π£
- eGST artificial buys appear to have concluded
ποΈ The main whale has not made a Tx in 60 hours
Main 1: etherscan.io/tokentxns?a=0xβ¦
ποΈ The 2nd main account was doing strange things... buying ~15000 USD worth daily, then selling it within 24h and repeating this daily. Usually at a slight loss with no timing.
This account has finally sent their USDC to Huobi.
Main 2: etherscan.io/address/0x5d50β¦
This account has finally sent their USDC to Huobi.
Main 2: etherscan.io/address/0x5d50β¦
3/ This could be worrisome, but I am not worried.
Looking deeper into the Tx on the realm, I am not seeing any sell pressure whatsoever. Perhaps the high fees are keeping users money in... or the expectation of gains of the realm itself are keeping the cashouts from happening.
Looking deeper into the Tx on the realm, I am not seeing any sell pressure whatsoever. Perhaps the high fees are keeping users money in... or the expectation of gains of the realm itself are keeping the cashouts from happening.
4/ Current Tx are minimal. It looks like we are back to the performance before speculation began. This is positive, because it was trending slowly positive based on two things:
eGST burned is close to eGST minted.
users are not cashing out
see eGST
dexscreener.com/ethereum/0x770β¦
eGST burned is close to eGST minted.
users are not cashing out
see eGST
dexscreener.com/ethereum/0x770β¦
5/ Overall, barring some unforeseen event (like a speculative sell from a whale) I predict eGST to maintain this level, with a slow increase.
Factors that will speed up this increase:
1. eGST overtakes GMT
2. π+ reduces GMT earnings, and people chase eGST earnings.
Factors that will speed up this increase:
1. eGST overtakes GMT
2. π+ reduces GMT earnings, and people chase eGST earnings.
6/ Other #ETH realm benefits:
As eGST continues to rise, boosting your account in terms of Increasing your GST cap, Double Mint, Gem Success Rate, or Shoebox Rarity will become much easier on ETH realm.
New whales will only enter ETH.
As eGST continues to rise, boosting your account in terms of Increasing your GST cap, Double Mint, Gem Success Rate, or Shoebox Rarity will become much easier on ETH realm.
New whales will only enter ETH.
7/ Currently, there are many who either feel they missed the boat or they are nervous for it may drop.
If current eGST level continues to hold for 30+ days, users will be filled with enough confidence to start moving across.
If current eGST level continues to hold for 30+ days, users will be filled with enough confidence to start moving across.
8/ For transparency, I have exited my position on eGST and entered the ETH realm myself. I did this last week before the last major asset price jump.
Will we see assets jump again?
I think the Townhall is going to explain a lot. The timing of this is too much of a coincidence
Will we see assets jump again?
I think the Townhall is going to explain a lot. The timing of this is too much of a coincidence
β’ β’ β’
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