onchain.cc
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onchain.cc
@Onchaincc
https://t.co/MOZdzzSChB by @Bitso Stack more. Trade faster. 0.15% fees. Spot. Trenches. 300+ Perps markets. | DC: https://t.co/PKAL4kFsZQ @onchaincc_es

This is the token of the most successful company in crypto And it could fail for one reason: Greed. The company has already generated over $1B in revenue Yet they still decided to raise another $1.3B through an ICO In total, the founders have owned or sold 60% of the entire token supply While everyone and their mom finally sold their ICO allocation, there's another big problem: - 20% team allocation - 13% pre-ICO allocation A few days ago, 25% of those allocations unlocked That's roughly $170M worth of tokens Around $100M went directly to the team. The investor allocation is concentrated in just 80 wallets Some have already transferred tokens to CEXes, ready to sell For the next 3 years, around $14M worth of tokens unlock every month Meanwhile, the protocol is buying back just $10–12M per month Basically they're just exiting through their own buybacks at this point


















