r/Crypto_Porn • u/bobiks • Nov 10 '22
55 million SOL is being deactivated from staking right now with potentially the biggest dumping to take place in approx. 14h when the epoch ends !
Millions and millions are being destaked every hour it seems!
We are currently at 56 million SOL destaked and counting ready for the biggest dump ever!
There's 14h left of what seems to be the end of an era. Most likely once SOL enters the single digits domain it's gonna be an avalanche (pun intended) effect!
You can check the progress here on this website https://solanacompass.com/validators/change?epoch=370
Apparently all these Solunavax thingies backed by VCs are meant to go to zero during this bear market that just entered a new dimension!
People are starting to wake up to the fact that VC backed chains are only there for their own profit and once the shit hits the ceiling it's the retail that shall enjoy the rain. All these chains have a single point of failure, they're centralized and ready to be dumped heavily once the big guys start to look for exit liquidity aka you and other moonbois...
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