DeFi MATTER Tanks 47% After Unlocking Tokens of Strategic Investors to “Filter Long-term Supporters”

2021-7-1 16:43

The price of MATTER token crashed more than 47% from $0.3615 to $0.1916 late on Wednesday.

As of writing, the token is trading at nearly $0.225, down 96.6% from its all-time high of $6.05 in early April, as per CoinGecko.

This crash occurred after the decentralized finance (DeFi) protocol AntiMatter took to Twitter to share that they are unlocking all the tokens allocated to strategic investors. The tweet read,

“After internal discussion, MATTER has decided to move forward the unlock all strategic investors.”

According to the team, this move will “benefit” the on-chain DeFi derivative protocol in the mid and long term by “helping filter long-term supporters of the project.”

Despite this crash in price, at its current levels, MATTER is still up between 500% and 1,000% for the earliest investors.

According to ICO Analytics, the seed price of MATTER was $0.018, and the private sale price was $0.035.

Jack Lu, the co-founder of the project, also shared the reasoning behind the unlock decision with one of them, including daily unlocks being unhealthy for the project.

Lu acknowledged that in the shorter term, this decision would affect the project negatively, as can be seen in the price action, but said in the mid-long term, this will speed up their “negotiations” with centralized cryptocurrency exchanges and partners that they are reportedly having.

“AntiMatter is here to stay. We keep building,” said Lu.

The crypto community didn’t like this decision at all, seeing it as a “straight scam” and pointing out how several crypto influencers have been shilling this project a few months back.

Just about a week back, Antimatter Finance’s testnet of the decentralized option trading platform went live. It aims to release V2 in July or August this year.

AntiMatter/USD MATTERUSD 0.2288 -$0.08 -32.94% Volume 2.43 m Change -$0.08 Open$0.2288 Circulating 16.22 m Market Cap 3.71 m baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=MATTER&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~MATTER~USD"); The post DeFi MATTER Tanks 47% After Unlocking Tokens of Strategic Investors to “Filter Long-term Supporters” first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

investors matter filter defi price supporters long-term

Источник: bitcoinexchangeguide.com

investors matter → Результатов: 126


Цена токена AntiMatter рухнула на 50%. В чем причина?

Проект из пространства децентрализованных финансов AntiMatter сегодня неожиданно объявил об изменении порядка распределения токенов и предоставлении выхода к ликвидности стратегическим инвесторам. Dear community, after internal discussion $MATTER has decided to move forward the unlock all strategic investors.

2021-7-1 12:05


ADA is One the Most Decentralised Cryptocurrency in the World Right Now with 98.5% of Supply being Distributed among Retail Investors

The value of ADA has increased from $0. 1774 to $1. 701 in a matter of five months, and during this period- it also reached an all-time high of $2. 3. While we are still recovering from the recent crash in the third week of May, there is so much going on with ADA that is quite different […] The post ADA is One the Most Decentralised Cryptocurrency in the World Right Now with 98.

2021-6-7 15:41


ADA is One of the Most Decentralised Cryptocurrency in the World Right Now with 98.5% of Supply being Distributed among Retail Investors

The value of ADA has increased from $0. 1774 to $1. 701 in a matter of five months, and during this period- it also reached an all-time high of $2. 3. While we are still recovering from the recent crash in the third week of May, there is so much going on with ADA that is quite different […] The post ADA is One of the Most Decentralised Cryptocurrency in the World Right Now with 98.

2021-6-12 15:41


Фото:

Cardano Price Could Be $10 Or $1 And It Still Would Not Matter To Hoskinson

Cardano is perhaps one of the most consequential high-profile altcoins that also has the largest divide in terms of opinion from investors. Many have praised it for being cutting edge and providing something different, whereas others have demonized it to the point where you are more than likely to see taunts hurled at Hoskinson and […]

2021-4-8 11:31


Фото:

Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks

The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional […] The post Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks appeared first on Bitcoin News.

2020-12-7 21:30


Analysts Take Aim at $280 for Ethereum as Bears Gain Firm Control

Ethereum has been hit hard by the recent market-wide downturn, with the cryptocurrency’s price crashing by nearly $30 in a matter of minutes earlier today This move struck a serious blow to its technical outlook, leading many investors and analysts to anticipate further downside in the near-term One trader is specifically setting his sights on a move down towards $280, explaining that this is a bastion of buying pressure for ETH Whether or not Ethereum […]

2020-9-23 23:00


Buying Bitcoin at $8k or $9k Won’t Matter in 2 Years: Fund Manager Explains

The past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash. With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement to “buy the dip.” […]

2020-6-16 03:00


Stock Market Forecast: Will Trump Declare Another National Emergency?

By CCN Markets: After a vicious, Donald Trump-inspired sell-off on Friday, stock market bulls saw their hopes of a weekly gain evaporate in a matter of minutes. This coming week is almost certain to be focused on the trade war, as investors try and guess if Trump is truly serious about US companies being ordered […] The post Stock Market Forecast: Will Trump Declare Another National Emergency? appeared first on CCN Markets

2019-8-26 14:45


Фото:

Fortnite and Gaming Industry is ‘Massive’ For Crypto

Cryptocurrency will gain significantly from playing a role in online gaming, one of the industry’s best-known investors has forecast after Fortnite World Cup concludes. Fortnite and Gaming Are ‘Very Bullish’ Commenting after the culmination of the Fortnite World Cup event in New York, Travis Kling, founder and CIO of cryptocurrency asset manager Ikigai, said it was only a matter of time before the “huge” cash flows in gaming made their way into crypto.

2019-7-29 16:00


What Bitcoin Hater Warren Buffett Thinks of Crypto Doesn’t Matter, Here’s Why

To most in the cryptocurrency community, Bitcoin (BTC) is a paradigm-shifting asset with unlimited potential. But to Warren Buffett, one of the world’s most well-respected investors, it is something with little-to-zero intrinsic value, and resembles “rat poison” more than it does shares in his favorite companies: Coca-Cola, Dairy Queen, or GEICO.

2019-6-7 14:00


Фото:

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Indian crime officials being probed in major Bitcoin scam

Several officers from the Indian Crime Branch, including an Inspector General of Police (IGP), are being probed by a Special Investigation Team (SIT) in connection with a Bitcoin scam. The SIT has issued a notice to Inspector General of Police…