Bitcoin reached $69,000 in 2021 when interest rates were 0.25%.
Today $BTC is worth $66,000 with an interest rate of 5.5%.
Just imagine what will happen in the next global liquidity cycle."
And you still remain pessimistic?😁
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@the_matter_labs decided that they are more cunning than everyone else, but the blockchain stores the entire movement, and it is impossible to erase history.
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Allegedly, it was for bringing in liquidity that this project gave out crazy allocations of 100k tokens (although this is an L2 chain, not a liquid staking protocol). According to DeFiLama, a funny picture emerges for TVL on the ZkSync network:
- November 20, 2023 - TVL 108m $
- November 23, 2023 - TVL 149m $
Past3
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A sharp jump - anything can happen, but let’s look further at what happened to these 40 million after a month and a half:
- January 9, 2024 - TVL 167m $
January 10, 2024 - TVL 127m $
All $40 million of liquidity that came in in November was gone in one day in January. It doesn't seem like a coincidence anymore.
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💎zkSCAM 2024
After delving a little into the vastness of the crypto-cart, I decided to share with you the recorded lawlessness @the_matter_labs. The fact that projects always give away part of their drops is not news, but it’s not like blatantly throwing the entire community through x...
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