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The continuous fall of the DYDX Token has raised concerns and questions among investors. Some traders have stated that when they got on board at a price of $3.1 last year, the market capitalization of DYDX was around $800 million, with a circulation ratio between 60% and 70%. However, more than a year later, the market capitalization has dropped to around $500 million, and the token unlocking process is nearing completion.
This situation has raised speculation about the project's team conducting a large-scale token sell-off. Some investors pointed out that simple calculations reveal the project team may have already sold a considerable amount of tokens. What is even more disappointing is that the project team does not seem to have taken any measures to stabilize or boost the token price.
This behavior is viewed as irresponsible by some market participants, who believe that project teams should pay more attention to the interests of Token holders. There is a viewpoint that even in a bear market environment, project teams should demonstrate confidence in their own projects, for example, by supporting Token prices through buybacks.
However, there are also voices reminding investors that the behavior of project parties in the cryptocurrency market is often difficult to predict and control. Investors need to be more cautious, manage risks well, and not overly rely on the behavior of project parties to judge investment value.
Overall, the case of DYDX highlights the risks and uncertainties in cryptocurrency investment, and has sparked discussions about the responsibilities of project parties and investor protection issues.