Exactly, I'll give an example for people using made up numbers (just to make it easier).
05 Jun 2023, 18:25
Exactly, I’ll give an example for people using made up numbers (just to make it easier)
Today - 1 wALV = 1BNB, 1 BNB is $1, let’s say wALV market cap is $1m
Next day - 1wALV still = 1BNB but BNB is now only $0.90, then wALV market cap is $900,000
This is basically what we are seeing happen now, of course, some people will have also panic sold wALV due to the market conditions. But most the wALV price movement is due to BNB dump, less than 1% of the price movement is due to people selling wALV