Whales Make Waves: DSD Coalition Takes Down Price-Suppressing Bear

The Great Token Tug-of-War

In what can only be described as a blockbuster move in the crypto universe, a coalition of DSD whales has swooped in to buy out the notorious bear entity, known only as “Escobar.eth.” This alleged price suppressor has been keeping DSD token prices uncomfortably below the crucial $1 peg. It’s like a game of tug-of-war, but instead of a rope, they’re pulling on the DSD price!

Escobar’s Exit Strategy

According to a post on the DSD Discord group, Escobar has officially executed an over-the-counter (OTC) deal, selling a staggering 5.5 million DSD tokens to this whale group. His message? “I will not be impeding further expansion efforts.” Sounds a bit like a villain giving up, doesn’t it? But fear not, he wasn’t going quietly into that good night – he’d allegedly been selling millions of tokens to keep the price in check. One multisig holder,/@_wilske, chimed in with the details: “He suppressed the price for a while now… probably to expire coupons.”

The Countdown to Expiration

As the clock ticks down, the urgency intensifies. With around $83 million in coupons on the line, it’s no wonder the whales decided to take drastic action. The stakes are high with massive expirations looming just around the corner. Rumor has it that the first wave is set to hit in epoch 721, which gives this bear just 32 epochs (or 64 hours) to pack his bags and leave the crypto scene.

What Happens Next?

• Breaking the $1 Barrier: Achieving a time-weighted average price (TWAP) above $1 is essential to kickstart a rewarding expansion phase.
• Massive Waves of Expiration: Out of the $83 million, a whopping $78 million is set to expire in two huge waves between epochs 721 to 749 and 756 to 767.
• Crucial Implications: At the current premium of 45.56%, that translates to over 42 million DSD.

The Road Ahead for DSD

Previously, DSD faced a major drop, plummeting to $0.27 during another contraction event back in late 2020. This latest move seems to be geared towards avoiding such catastrophic dips and restoring stability. As the calculations roll on and the prices shift, only time will show if this whale coalition can successfully reset the market. Can the DSD algos rise to the occasion once again? Only the crypto gods know, but for now, it’s a waiting game!