this just blew my mind.... if im not mistaken there is approximately 800,000 tokens in circulation
each token sold would increment the price down by .0000001
the current price is .0098600
so if i was a big stakeholder and i had 4000 tokens i wanted to sell, then the price should be about .009400 once i sold (0.0098600- [0.0000001 x 4000])
so in the same sense, what if a handful of the largest holders sold.... lets say 25 people, each with 4k tokens went to sell...
thats about 100,000 tokens to be sold, each token takes the price down by .0000001.
now its been a few years since i took calculus and big numbers hurt my brain, but i believe that sale of 100,000 tokens would increment down the price by 0.0100000.
so at todays price of .0098600 ETH.... if 100,000 tokens went up for sale (which is only like 1/8th of the total in circulation).... then the ending price would be 0.0098600 - 0.0100000
that would mean an ending price of (-0.00014 ETH) ....
WHAT AM I GUNNNNA DOOOOOO?
.....
now this one i would LOVE to see explained
each token sold would increment the price down by .0000001
the current price is .0098600
so if i was a big stakeholder and i had 4000 tokens i wanted to sell, then the price should be about .009400 once i sold (0.0098600- [0.0000001 x 4000])
so in the same sense, what if a handful of the largest holders sold.... lets say 25 people, each with 4k tokens went to sell...
thats about 100,000 tokens to be sold, each token takes the price down by .0000001.
now its been a few years since i took calculus and big numbers hurt my brain, but i believe that sale of 100,000 tokens would increment down the price by 0.0100000.
so at todays price of .0098600 ETH.... if 100,000 tokens went up for sale (which is only like 1/8th of the total in circulation).... then the ending price would be 0.0098600 - 0.0100000
that would mean an ending price of (-0.00014 ETH) ....
WHAT AM I GUNNNNA DOOOOOO?
.....now this one i would LOVE to see explained