In recent years, blockchain-based projects have been using various methods to distribute their tokens and raise funds, such as Initial Coin Offerings (ICO), Initial Dex Offerings (IDO), or public sales. In the aforementioned methods, most token holders will consider selling the token on exchanges after receiving these tokens, as they had got in at a discounted price. Logically speaking, it was just a good r/r play. However, with such selling pressure, combine with certain lack of liquidity, n...
