DegenFans

if you're looking at $moxie you may have seen some unusual price movements the past 24h

here's what happened

90 days ago farcaster users were able to lock fan tokens for 90 days to gain more rewards. the largest unlock by far was on 25 december, and users took profits

About -286M moxie worth of fan tokens were sold the past 24hs

33% went back into TVL in other fan tokens, while 66% hit the market. 

As you can see from the schedule attached, that was a one-time event, nothing remotely close to that magnitude in the coming days/weeks

and TVL is up today, more buys than sells today

0 of my left the moxie space!
sold and bought again due to testing activities + locked again 

Devs like to test on prod 😅

Development testing on production can be risky and should be avoided