Stellarlumen's bulls can be said to be one of the strongest in the long bear market. Prices haven't gone below $0.1591 which is the lowest since the beginning of the year. The bulls are strongly and significantly defending the support level of $0.1737. The question on Hodlers mind is, how long and strong can there hold on in a bear market that sends even the mightiest projects looking for cover? Recently, Stellarlumen has launched a project called Tempo, "A New Payment Network For Crypto-Fiat Trading".
They recently acquired Chain.com are I read the original investors will be paid in xlm 500mil worth. If they dump it will affect the price lol, I wonder what will happen. There is no OTC market for xlm right? If
they dump it will be on exhanges and thats gonna burn the price if they decide to go that route.
Santiago1
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@whiskey4, its is a good fundamental watch out. But i believe the team are smart enough not to strike a deal with ppl eager to dump. Recently post from coinbase to add XLM will create a surge. The xlm500ml accounts for 2.6% of circulatory supply. Relate that to recent price and you will see the bigger picture. Thanks for the point. its a good catch. Cheers
whiskey4
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@Santiago1, yea i hope. but still 500 mil if dumped in a short period would bring it down imo. There are a few OTC markets for xlm it appears. But they have to be pretty dumb to dump immediately no? then again who knows.
whiskey4
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@whiskey4, If they dump in the regular exchanges I mean. Not the OTC ones
Santiago1
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@whiskey4, Well it appears they may not be dumping anytime soon.
they dump it will be on exhanges and thats gonna burn the price if they decide to go that route.