One mans buyback is another mans hedge. (or in this case, the same mans)
This is what a 38k $ETH on chain buyback looks like.
$SUSHIpic.twitter.com/ZIHqiglxaz
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Just to be clear, that’s 7.5c, right
Yeah, that last leg. But my point is opposite. How expecting a chad candle due to a preannounced TWAP buyback was not the best idea. The buyback was happening through most of that chart, but price kept dipping, and spreads were tight af. In a nutshell: Alameda.
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Yeah they blew it by announcing the airdrop. It’s a typical knee jerk reaction.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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