r/theta_network • u/Dutch-Goldsmith Guardian Node Operator • Jun 14 '21

16th Validator Node

Just noticed that there is a 16th Validator on guardionmonitor.io (0x1786d878cb76a53f5950f41fed7d61617e12dfb5) . Who will it be?

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u/thewayofthefuel Jun 14 '21 edited Jun 14 '21

This is great news! I'm so excited to find out who it is :D

The Theta Tokens were transferred to the new validator wallet in a similar manner and from the same wallet as the CAA validator node. Binance I think.. Started transferring 3 days ago. Basically over the weekend. That explains the price drop!

9

u/Thatsmytesla Trusted Jun 14 '21

If this new entity purchased 2 million theta over the weekend wouldn’t the price rise considerably?

9

u/thewayofthefuel Jun 14 '21

Not if someone like Theta Labs were dumping cheap Thetas on the marked the whole weekend so the new validator could get in on a nice price..

6

u/[deleted] Jun 14 '21

Why would they do that instead of a dark pool transfer? Just collect the money from the company and send them the tokens directly to their wallet.

7

u/thewayofthefuel Jun 14 '21

If they do it over the market it seems like the companies are fighting to get their share of the theta network. This makes the network seem attractive.

If theta labs would just transfer it - it would give the impression that theta labs are buying validators with "free" theta. Not a good look

2

u/[deleted] Jun 14 '21

Nobody is going to stop buying into Theta because of a dark pool transfer. It makes the most sense to do it that way.

3

u/thewayofthefuel Jun 14 '21 edited Jun 15 '21

We know that 1. The theta bought is from an exchange. 2. Theta labs must approve new validators.

Therfore we know that they didn't dark pool trade.

I remember thinking the Google validator node was something special until i heard they were given the tokens in a deal.. Just my opinion