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Resolv Team: Bought Back 1.6 Million RESOLV Tokens at $0.15 Each in Past 24 Hours
Summary: In a recent announcement, a member of the Resolv team, Tim Shekikhachev, revealed that Resolv has released over 15% of its token supply to the market, including airdrops, liquidity provider reserves, and incentive budgets. Most of these tokens have gone to early supporters of the protocol who have been backing it since before token generation. ...
In a recent announcement, a member of the Resolv team, Tim Shekikhachev, revealed that Resolv has released over 15% of its token supply to the market, including airdrops, liquidity provider reserves, and incentive budgets. Most of these tokens have gone to early supporters of the protocol who have been backing it since before token generation. Some investors anticipated a public market sell-off and shorted the token, planning to buy back at a lower price. Given the aggressive selling typically seen after airdrops, this strategy makes sense, as savvy investors aim to re-enter at a lower valuation for greater returns.
Tim added: 'The Resolv Foundation has not sold any tokens during this period. In fact, at the current price, we are strong buyers - having bought around 1.6 million RESOLV tokens at an average price of about $0.15 in the past 24 hours.'
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Link: Resolv Team: Bought Back 1.6 Million RESOLV Tokens at $0.15 Each in Past 24 Hours [Copy]
