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HUGE DUMP on $BID
but what did really happen?
MUST READ and please share to spread awareness
in the last 12 hours a BSC whale sold 1M$ worth of BID tokens from 5 different wallets (funded by through binance) causing a huge dip
he bought in 161 days ago on january 31st when BID was trading at 0.1122$, kept DCAing and sent 2,2M BID (130 days ago) to a wallet today and sold all (wallet 1) - average buy entry 0.031$
all the same person doing the same with different wallets using a dex trading bot to DCA into BID
wallet 2 received 2.38M BID 130 days ago by a wallet that also DCAed and had a overall DCA buy of 0.031$
wallet 3 received 2.09M BID 130 days ago by a wallet that also DCAed and had a overall DCA buy of 0.0312$
wallet 4 received 1.7M BID 130 days ago by a wallet that also DCAed and had a overall DCA buy of 0.0312$
wallet 5 received 2.04 BID 130 days ago by a wallet that also DCAed and had a overall DCA buy of 0.0312$
profit wallet 1: 159k$
profit wallet 2: 184.5k$
profit wallet 3: 174k$
profit wallet 4: 102k$
profit wallet 5: 61k$ and still holding 1M BID tokens
the current total profit is 680k$
dude turned his lower 6 figures into 7 figures - well done, congratulations!
now we can argue if this is right from a moral perspective (dumping so heavily which was almost 1/3 of the liquidity) but the good thing is that he is almost completely out
another good thing is that he never staked his tokens - imagine this guy spreading his 9M BID tokens into different wallets to stake
this would have caused huge possible sell pressure on the curated agents (more than we already have) as well as a lot less XP distribution for BID stakers
a lot of people started to panic and sold their tokens after his dump - i personally bought more and am now on level 5 (thanks to the blood in the streets)
in the end he had to leave at some point - you can use the opportunity to find your entry (or hold) or you can sell your tokens in a loss
it is really up to you but i thought its important to show where the huge dip came from and to understand that fundamentally nothing changed on the product @CreatorBid is building
thanks for reading

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