What happened? Yesterday, the capitalization was around $650,000 and there were 17,700,000,000 coins in circulation. Today we have a capitalization of $250,000 and only 7,000,000,000 coins. What happened?
Yeah this is a really good question !
Holy f sh@t Someone just bought over half the Market tokens just like that ?!
how is the team going to react?
So it looks legit. If this is true it mean that someone got 10.7 billion coins, created something cool and bought the tokens and took them Off Market for own use case!
Maybe the team got approached about an Investor and reffered them to Market, a huge part Of XLM tokens are
Still up for grabs for ”own user case” integration. There are guidelines for signup and contracts, But individuals and coperations can Also buy up the ”Market tokens”. If they bought 10 billion coins over time they got a sick deal @0.019-0.035 Where we have been for a while now!
The team might release more once they have caught Some sleep after all thoose hours Of matchs and coding
Nedleds coffees and more
Its positive Market cap has gone down, the value Will grow rapidly to a billion dollar evaluation on the 7 billion coins or more. Thats the thing With XLM. People talk about problems With number Of tokens
But If coperations like IBM has signed up for x ammount Of tokens, Someone else x ammount etc.
Its not for sure we Will trade Xlm in the future like today, it Will for sure become something Of the bigger picture, Maybe there Will be a full buy out Of tokens one day
Do the 10.7 billion coins have a trace? Are they in cold wallet storage ?
Who Will care about inflation when people are out mass buying the tokens lol.
I exspect the reaction to go into 0.10-0.25 buy Christmas !!