Birdwatch Note Rating
2024-06-15 20:15:10 UTC - HELPFUL
Rated by Participant: 27506200C2FB4DEABC4B057EE191AA8C699A438AD97D68854D19B4E39FA0FAFD
Participant Details
Original Note:
This is incorrect. Although the tokens that Tate has burnt may have a market value of $110M, the low liquidity of the token means they cannot be sold for anywhere near that amount. Attempting to sell the tokens would result in a significant price impact. https://docs.raydium.io/raydium/traders/trade-and-swap
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