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/biz/ - Business & Finance

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20525822 No.20525822[DELETED]  [Reply] [Original]

CALLING ALL MARINES

>What
To collectively market buy at a pre-determined time on Binance to force liquidation on NEXO's alleged short position.
>Why
The current theory is the recent pump of LINK caused NEXO to be insolvent in returning LINK deposits to their users since their entire backend is denominated in USD. They then opened a short position and deployed the 66 page FUD document in hopes to dig themselves out of their hole. All after they partnered with Chainlink.

The current order book for binance needs 90k LINK to pump the price up to $8.02, liquidation price for NEXO is probably $9+. Due to the recent top, we could cause other existing shorts to be squeezed helping the flash pump. LINK can also be locked through AAVE for a USD loan for extra buying power.

>> No.20525922

>>20525822
Reporting for duty.

>> No.20525947
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20525947

>>20525822
How much capital do you reckon it'll take to do this?

>> No.20525953

>>20525822
tl;dr tomorrow at 4pm est go to binance and buy all the fucking Link you can get

>> No.20525956
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20525956

>>20525822
Nexo offered 5% interest on LINK deposits. Nobody else anywhere offers anything on Link because nobody wants to have debt denominated on it. They most likely didn't hedge adequately with options and were crushed by the recent pump due to the linkmarines looking for any yield at all flocking to their platform and nobody else using it. We now know they sold LINK deposits. So in desperation they decided to take a loan and have a massive short sell-off at the same time they published the paper, hoping to induce panic to make a profit and then buy in what they owe lower. It's all incredibly clear now, case closed basically.

>> No.20525976
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20525976

>>20525822
Buying and holding

>> No.20526057

>>20525922
>>20525947
>>20525953
>>20525956
>>20525976

>>20525877
Consolidate to this thread.

>> No.20526062
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20526062

>>20525956
The LINK from our fellow marines was sold immediately on deposit throughout the lifetime of their "service". The current active short is taken from a LINK loan and is very much subject to liquidation.

>> No.20526091
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20526091

>>20526062
cont