I briefly studied the Chamby/USDT and Chamby/USDe pools on two top DEXs in the TON ecosystem – DeDust.io and Ston.fi.
I concluded that these pools have been balanced by someone in the Chamby community, so much so that the Chamby token itself could very well function as a stablecoin, as both USDT and Ethena USDe are very powerful stablecoins, one of which is algorithmic (which is clearly good for price stabilization!). Both of these stablecoins are successfully ranked among the top 20 coins by market capitalization in the CMC rankings (3rd and 13th place in the CMC rankings, respectively).
Therefore, if we don't see aggressive actions from any of the 5-6 wealthiest Chamby whales in the future, as unfortunately happened with Daltonik's super-fast sale of a huge Chamby stake. He held over 10 billion tokens, ranking near the top among the wealthiest Chamby whales! As a result of this balancing by pools on these exchanges, the Chamby token begins to function as a stablecoin and is independent of the TON exchange rate.
In this case, within the framework of this experiment, it is entirely possible for the token to be used in some local communities as a tool for buying and selling goods or services, as one of our colleagues is attempting to do by distributing a flyer advertising the token. This ensures a fairly rigid unit of account, unaffected by inflation and fluctuations in the exchange rates of other cryptocurrencies. Chamby becomes practically identical to USDT.
Therefore, I welcome such an experiment within a small town or other local community and all efforts to experimentally use this token. Moreover, there are sufficiently compelling reasons to justify the possibility of this experiment being successful. Therefore, I certainly wish good luck to the author of this interesting experiment and all Chamby token enthusiasts.
I wouldn't say the Chamby token is similar to USDT. I think it's simply a superficial resemblance, driven by the dynamics of accumulation. Daltonik was the biggest whale in the Dekoano ecosystem, and he was also the one who received most of his tokens in the first big airdrops. That is, he got most of his tokens for free. Typically, such players want to lock in their profits and exit the game. But Daltonik bought some of his own tokens and also burned 3 billion of his own funds. He was a longtime supporter of ours, but then apparently became disillusioned.
In general, I must say that most of the whales who received their tokens in the first big airdrops have either already gone under various plausible pretexts or are not very active. I don't rule out that Daltonik isn't the last whale to go under. But he was the biggest.
Typically, if a whale is inactive and isn't buying more tokens, it's likely waiting for a good price to exit. However, Chamby's price can't grow rapidly while there are inactive, disillusioned whales in the ecosystem who will hinder growth. It's better that these whales are exiting now, at low prices, than they will do later, at high prices.