S. Hussain Almosawy
4.5K posts

S. Hussain Almosawy
@sayedhussainali
$Velo



$VELO : Just to clarify, i needed time to articulate and break down these supply adjustments and how to view them. No one has been "quiet" and hiding from the situation. Firstly, i was just as confused and unaware of the reasoning for the adjustments made as you all are. Secondly, instead of jumping to conclusions and automatically assuming the worst, I think it would be wise to wait until we hear about the reasoning behind such changes. To those directly calling me out, unfortunately, i do not have the answers you are searching for, nor will I in the future be able to forsee or predict such changes and how to solve them. I wish I had a crystal ball for both charts and the fundamentals 🔮 but I do not! Period. Now, a couple of logical explanations i have spoken to members in the community about: 1) $VELO's partners, private placement, and backers had Vesting Schedule Unlocks that were due for completion in 2024 & 2025. Total valuations make up around 9BN+ tokens. 2) Adjustments are being made to meet liquidity demands and pools for future developments, partners, listings etc.. I was a little taken back, but my bag and conviction remain FIRM. NO CHANGE FROM ME 🫡 No one in the community has answers, but @degen_kawie has been covering the vast majority of tracks for a while now. Stay up to date with his on-chain work 🤝 No sell off also highlights that however this unlock has occurred, tokens are not being dumped, and price reacted minimally. Market Cap has increased to $300M, thus making a 7BN MC a rough $0.38 and not $1 like before — It seems my conservative target wins, after all. $VELO is no doubt a multi-billion $ project. Standard. I am patiently waiting to see if we hear more, but I am not holding any expectations. All the best, Nerd.



























