Where have the dumpers gone? They were so willing to drive the price down all the way to $2 per CUB in the past 2 weeks. But now, they are hardly making a dent.
I was hoping for some more paper-thin hands to let their CUB slip into the dumpster for some quick money making. This keeps CUB cheaper for the time being, cheaper for those who want CUB for the long haul.
Out of Gas
Why have they stopped? Have they run of out of gas? Have those who just want to make some quick money off of this new DeFi system run out of tokens to sell? That could be what's going. The big holders who had bags to dump already did so, and now they don't anymore, they only have small bags to dump and it doesn't bring the price of CUB down.
The early exploiters could have bailed and set their sights on farming in other systems where the APR is higher. With the inflation cut and slash to APR, they aren't as interesting in exploiting the CubDeFi system and bailed for easier and faster money.
Maybe, and maybe not. Maybe there is something else going on.
Dumpers Becoming Apes
Maybe they revised their prospects of CUB. Maybe they see a bright future for CUB, where they didn't before. They couldn't keep CUB down at the $2 bottom. Previously when there was some big buying pressure to spike the price of CUB, it was quickly brought back down.
Have a look:
It looks like a reversal.
For the past 3 days, it' looking very good for CUB. It's up and sideways.
Granted, it's a bit early to make accurate conclusions about what is happening. More days will lend more support to that theory of a large change in attitude towards CUB. But there is a trend of reduced selling pressure. Will it last?
Patiently Waiting
It could none of these. They aren't out of gas. They aren't transforming into diamond-handed apes. They could just be waiting for another perceived acceptable high for maximum dumping power and profits. BAM! Down comes the dump and the price goes south again.
Time will tell. It could all change in an instant. But boy, does it look good so far :) (Even though I'm still in the red having bought a lot at around $5)
For the long haulers, we all need to wait patiently as well. The seed of CubDeFi look like they are going to bear some nice fruits. The bridge, Kingdoms, and more to come. Each new feature brings more options for how to use Cub DeFi and that utility helps potentially bring in more investment, which makes CUB go up in value. It's early, and looking like a great opportunity.
Who knows what will happen, but we can have fun speculating :D After all, in large part, that's what drives markets. What do you think happened to the dumpers? What do you think will or won't happen?