The overcrowded short trade in the lead up to token unlocks is beginning to backfire, with several altcoins showing signs of strength into what is normally perceived to be a bearish event.in the lead up to $64 million worth of previously locked tokens being unleashed on the market. This took onlookers by surprise as an increase in supply typically leads to a reduction in value, and also gives early investors or project team members an opportunity to liquidate their initial investment.
But AXS is not alone in bucking the trend – decentralized derivatives exchange dYdX's cryptocurrency has outperformed its peers with a 64% rally this month in spite of a token unlock coming on Feb. 2.
OKnightCrypto Bullish
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Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token UnlockAXS jumped to a four-month high early Monday. Observers said investors expect a big announcement that will counteract the impending $64 million token unlock. reports godbole17. godbole17 exit liquidity
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Binance Mistakenly Mixed Crypto Exchange's Client Funds With B-Token Collateral: Bloomberg.binance mistakenly mixed client funds and token reserves in the same wallet. LedesmaLyllah reports. binance LedesmaLyllah FUDing much? You have been going after Binance for months! This is not new binance LedesmaLyllah The binance fud is incredible. Jeez binance LedesmaLyllah You’re becoming annoying
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Binance holds token collateral and user funds on same wallet by ‘mistake’“Binance is aware of this mistake and is in the process of transferring these assets to dedicated collateral wallets,” a spokesperson for Binance reportedly said. Binance is silly. They do everything wrong and then slowly clean up their mess and point fingers at everyone else. Everything has been like this. The entire company is a liability to the industry cz_binance Also this was no accident. They just didnt give a shit until they saw how screwed SBF is. So remember they are doing this change for themselves. Not their users.
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