133:1 price increase for a 14 million dollar coin. What is it for a 490 million coin? Not 133:1, but probably 20:1. Aka: 1 million in $ron buys adds $20 million to market cap.
really interesting dynamic at play here.
45 K buyback caused a 33% increase, basically causing ~ 6 m USD in added value from 45 K in buy pressure.
With sentiment so low in NFTs + gaming, small amounts of buybacks here can caused outsized upward pressure.
!ooh
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