I don’t think this is a team issue. It is more likely that a single holder with a large amount of $XPL has been selling steadily.
The most practical way forward is to identify this seller. The @Plasma team likely already has a good idea of who it might be. They could consider offering an OTC buyback instead of allowing continued market sales. This approach would reduce sell pressure and help stabilize the chart.
To the seller. Unless there is an urgent need for liquidity, selling at this stage is unwise. $XPL is sitting near a 300 million market cap and is not even in the top 100 on CoinMarketCap. The upside potential is huge and a strong move higher is very possible if heavy selling stops. If you already understand this but are dealing with personal financial pressures, then that is an unfortunate situation and I hope it resolves soon.
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I don’t think this is a team issue. It is more likely that a single holder with a large amount of $XPL has been selling steadily.
The most practical way forward is to identify this seller. The @Plasma team likely already has a good idea of who it might be. They could consider offering an OTC buyback instead of allowing continued market sales. This approach would reduce sell pressure and help stabilize the chart.
To the seller. Unless there is an urgent need for liquidity, selling at this stage is unwise. $XPL is sitting near a 300 million market cap and is not even in the top 100 on CoinMarketCap. The upside potential is huge and a strong move higher is very possible if heavy selling stops. If you already understand this but are dealing with personal financial pressures, then that is an unfortunate situation and I hope it resolves soon.
May we all find success, including the seller.
@pauliepunt @rongplace