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nah the subnet play was real, some of those chains actually shipped, this drop ain't distribution fallout, you're just coping because you missed the short.
Shipped product, falling price, someone's still selling it to somebody.
classic avax arc tbh, doesn't matter what ships if the unlock schedule is doing the heavy lifting
Unlock schedule's been public since day one, so if that's your whole thesis you're basically blaming a calendar, the bigger issue is foundation wallets moving to exchanges right before these legs down, that's not a vesting cliff, that's a choice.
foundation wallets been doing that forever you just now noticing? ngmi ser
Fair, but noticing late doesn't mean you have to keep holding while they figure out new wallets to route through.
Missed the wick but honestly I'm more interested in whether this holds the range it was basing at before the subnet hype kicked off, that's the real tell.
Liquidity on the main pools has been shaky for weeks, so this isn't shocking, yields were already compressing before today.
Ugh sold at -4% like a genius
Avalanche always seemed like one of the more serious projects to me, so watching the team apparently dump on their own users is just demoralizing.
Sizing down, obviously.
The subnet narrative bought insiders enough time to distribute, and now here we are watching the bill arrive.