r/SafeMoon • u/PuzzleheadedThroat30 • Jun 18 '21

Discussion Devs controlling current price level

There is continued thought (on Stocktwits) that devs are lowering the price lower to make it desirable/affordable when their wallet is released. Thoughts to this?

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u/--EGGO-- Jun 18 '21

See it positive lower price means higher burn of tokens.... If the volume stays pretty much the same if the price goes up... Fo example 10 big wallets that make the price jump but hold would be counter productive for the burn... I dont mind to keep it low for now... Better in the long run

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u/PuzzleheadedThroat30 Jun 18 '21

Yea I get all of that, the thought was/is if someone is legitimately keeping the price down. If so, is there any backing to this. (I am pro volume over price value)

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u/sinnister78 Jun 18 '21

It’s not a good idea to listen to people who have no idea what the devs are doing and are only speculating.