a lot of people asking good questions about the timing of
$OOB. why announce $50M in secondary market buys & give traders a chance to front run?
I think this is based on typical token team dynamics: price goes up so we can exit higher.
pure speculation, but here's why that may not be true:
- Tether wants Oobit to win to drive global USDT adoption
-
$OOB is the official ecosystem token. Higher price is a strategic advantage: better rewards, incentives, and other growth strategies
- Price also creates attention/narrative/legitimacy which can be worth a lot of $ to a business
- DAT gives them a sustainable way to keep the wheels turning via bigger capital pools
I hadn't even heard of Oobit until a few days ago, but I think it's worth considering the other strategic angles when something makes no sense according to current mental models.