More BLOCKS DAO DRAMA
from stocktwits
djspeed38
9/27/22, 11:44 AM
@beyerch warren has been keeping the price down for months by selling his 250 million tokens. We have enough and Calvin dropped the price to basically force him to sell otc. He is now all out of his position and we have clear skies ahead without the selling pressure. Time to buy. Yesterday would have been but with clear skies ahead it is a no brainer.
beyerch
9/27/22, 11:59 AM
@djspeed38 I'm a little confused.
#1 - How did Calvin "drop the price". Assume you mean Calvin dumped a bunch of BLOCKS as he can't arbitrarily set the price. Doesn't is seem concerning that one of the OGs dumped a bunch of blocks, though?
#2 - How does dropping the price "force" someone to sell? Wouldn't that cause them to *NOT* sell? (e.g. hold out for a better price)
1
djspeed38
9/27/22, 04:35 PM
@beyerch he dropped the price by selling millions of tokens therefore “forcing” warren to sell for much less taking less eth from the liquidity pool or to sell to the others with an otc deal. He chose to sell on the open market. After which Calvin bought back replacing the eth into the liquidity pool. Calvin playing chess and warren playing checkers.
——
I’m surprised BLOCKS owners are thinking this is some genius move by Calvin.
Is David Weil going to dump next?
Is this legal????
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