NDV co-founder Christian: Cheems address tracing shows that large investors have made little profit and will continue to rebuild consensus

On November 25, NDV co-founder Christian posted on social media, "Many friends sent me private messages about the Cheems contract, some congratulated me, some were puzzled. Now I can finally calm down and sort out the cause and effect. I hope to communicate more candidly with my friends in the community and continue to rebuild consensus.

I was shocked to see the news of the listing tonight, because no one mentioned this to me. I asked the official operation team, and they didn't know about the news of the listing at all. After analyzing the reasons for the plunge, it was found that the "rat warehouse" addresses that entered the market with a surge on the 19th continued to raise the price, and the robots on BSC generated millions of dollars of selling pressure in the short term until the bottom was caught.

We will not maliciously speculate whether these large orders bought later are insider information or speculative buying based on predictions, but in the final analysis, the consensus of Cheems tokens is not strong enough to reach the range of 200-300 million US dollars. It is supported by unrealistic expectations of listing (spot), and it is inevitable that the price will plummet when the expectations are not met.

I know that some people will doubt whether the so-called "Zhuang" (that is, me or some big investors) cooperate with the harvest and intend to leave the market. But I believe my friends will know that on the one hand, this practice will hurt the trust of the community, and on the other hand, tracing the addresses will find that these addresses have not made any money at all.

Back to my personal thoughts, the news of listing, which should have been good, has created a big negative line like a pillar of shame. This is a blow to the community, but it is also an episode in this story. Overall, liquidity has improved greatly, and the high trading volume means that everyone's trading enthusiasm is still high, and the community really has a consensus. The carnival of the BSC ecosystem cannot be achieved by forcing growth, and unrealistic expectations are also flattery. The establishment of the community requires one step at a time.

I don’t think that contracts are the opposite of spot trading. Only failed projects and failed communities, only large investors and market makers without a vision who use contracts as a way to exit, and some insider trading have created the recent bearish situation for contracts. But this is not wrong in itself. After putting aside emotions, it is more realistic to be able to analyze with logic.

I will always insist on it, we will keep moving forward, and I am very happy to see that the community is full of encouragement and positive energy. ”