Check this out if you've been considering buying USELESS ⏰⏰
Long story short there is this scam platform called SENDITFUN that lets you borrow against shi*coins
Who would do this? I have no idea
Regardless, they've also been unfairly liquidating people as documented by @trader1sz
anyways, they HAD a ton of USELESS
by my calculations 2/3's of that was already liquidated on this down move (explaining the massive dump)
and that's assuming these numbers are right which they probably aren't
anyway, massive sell pressure is now gone which I feel is super bullish, will dig into it more just wanted to get an update out there
@theunipcs thoughts on this?
11.57K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.