in resume, jed mccaleb is carelessly dumping xlm on binance he periodically market sells 1 million or more xlm for btc, causing the price to sink 1% or more, this is clearly visible when you look at the 1m volume on the xlm/btc pair
now i will explain the "non profit" stellar foundation still holds over 90% of the xlm suply and the network has a built in inflation of 1% anually, thus, they receive ~900'000'000 XLM every year which they can freely dump into the market, and they do source: dashboard.stellar.org/ -> Lumens Distributed = 8,657,842,676
Nice job user. Well documented. I laugh a little watching the XLM bagholders getting dumped on. And they're being dumped hard. Also the $125 million from the airdrop.
William Reyes
It literally says on their website that they periodically sell lumens on exchanges
Landon Baker
>tfw fell for stellar lumens scam
b-but Jow Forums told me xlm is going to be $1 eoy hh-how could this happen
What a shame that Smartlands is on this platform too, I have high hopes in that project but we need another trading pair except from SLT/XLM, it's only losing value because of XLM right now
Elijah Carter
How is it legal to do this as a non profit? It’s obvious the founders are getting rich selling coins. Same with Tezos. I’m sure they have lawyers telling them how to get away with it but it seems crooked.
Cooper Gray
He did it three times. First time with Mt. Gox 2nd time for Cripple And now this
Asher Lopez
actually can't fucking believe i fell for this scam, it was the ONE project I thought was legit in this whole shitshow of an industry
Alexander Phillips
Yeah me too. Luckily I swapped my 12k xlm for 7.5k link at 4k and 6k sats respectively.
Adrian Cook
yeah i didn't do that, i held on like a fucking moron. now i dunno wtf to do, hold to zero? since that's obviously where it's going. or buy more?
Asher Mitchell
>capitulation is finally here XLM was much lower than this months ago
roadmap dropping in next 2 weeks
Juan Mitchell
capitulation might be here but it feels like it is in no way coming back
>the only thing that matters is sats. which is why i dumped 200k this week while i was still at 300% profit in sats from my buyin. will rebuy at 500 sats
I dont know Maybe we just should sell and don't care anymore, even if it pumps a little before going to 0 But meh. I really believed in this project.
Easton Hernandez
Crypto isn't coming back for a while. Be patient and wait to see if it recovers, but there's a non zero chance it won't. Best thing go do is to consider crypto as gambling: don't bet more than you're willing to lose
Daniel Hill
I forgot to sell my "$20" airdrop last year, Jed pls stop dumping you utter buffoon it's probably less than $10 fuck he made me poor
Jayden Hernandez
JED? YOU WILL PAY
Luke Foster
I spent £105 on 200 Lumens a year ago
FUCK
Luke Nguyen
>not buying your crypto loicense first before throwing money at kikecoins
Jeb King of the Kikes >creates Mt. Gox >creates Ripples >creates Stellar >steals your wealth >leaves humanity behind
if i had 5 minutes alone with that fucking kike....
The 1m candles are so blatant, he doesn't even bother hiding his market sells while he tanks the coin. My net worth is dropping to zero in the process as its my biggest bag.
Caleb Cooper
I have 90k XLM and have been realizing just how cucked I am by fucking Jed. What a scam
Bentley Cooper
Feels bad man. Your 90k stack is nothing compared to the millions of lumens A DAY he is getting from inflation, and perpetually dumping on the open market.
Nolan Allen
Just so everyone knows this is all retard level fud They fund SDF and chain with ~100k per week Look at the number of employees, how much would you expect to pay for that level of manpower Wonder what they could be doing...
Luis Brooks
>So what price is /biz waiting to buy back in ? same price I bought last time, 416 sats
Blake Myers
if you're really lucky you'll get back in around 8 cents im dcaing
Connor Brown
>8 cents >really lucky kek... wait about 20 minutes and you'll get 8 cents. wait about 24 hours and you can buy at 6. wait 2 months and you can buy at 2 cents
Leo Adams
nice try faggot valentines day will have jeds green dildos dripping out your twink butthole
Lincoln Watson
>invents ripple >nobody gives a fucking shit >someone invents btc >"the problem of digital currency has finally been solved!" >buuuuuh ripple is a cryptocurrency too Fuck off and die
Anthony Ward
proof of work is the only thing that makes sense. Any token that was instantly premined by a few select people will never last.
Austin Cook
I'm well aware, especially since they're getting inflation from non-circulating supply. Fucking bullshit
Sebastian Brooks
Is this margin traded anywhere? Wanna short this
Christopher Fisher
i went all in age ago. feels bad man. oh well fuck crypto its dead.
