Ryan
@ryanhube.eth
https://x.com/watcherguru/status/1883883030865125402?s=46&t=lYIddgDnFIPCHBlRvrOT5A
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Ateliê 407 🌈🎩
@407atelie
Where does this money go?
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Ryan
@ryanhube.eth
I believe it’s leverage trading, people/businesses/whatever were liquidated so the funds go to the exchanges. It’s like betting with more money than you have, you can “long” a token and bet that the price will go up and gamble using borrowed funds, and if that price point hits you gain exponentially more than just buying the coin and seeing the number go up. But if the number goes down, bye bye to your money that you were betting with
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Ateliê 407 🌈🎩
@407atelie
Those who earn are those who lend? the rest are in debt!
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