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#SAAS Why must transactions be conducted at an exchange?
Recently, the SaaS coin has experienced a continuous decline, starting from a correction at 0.0909 on May 28, and it has been falling for 31 days. The most critical 5-day moving average has not been successfully surpassed even once. So, what is the main reason for the continued decline? Some blame the drop on the sellers, accusing certain individuals of lacking "martial ethics" by selling off in a concentrated manner at this time. However, I believe this is not the main cause of the sustained decline. Moreover, buying and selling is the right of the holders, and moral coercion should not be used against the consensus. The continuous decline indicates insufficient support, but a rough statistical analysis of the market orders and the actual staking volume each day shows that the staking volume is higher than the selling volume in the market. More buying than selling should indicate a rise, right? Why is it not rising but falling? This suggests that some new entrants are buying coins produced by large offline miners themselves, and transactions are not happening on the exchange. You can check for yourselves: there are less than 300,000 coins sold in orders below 0.06215, yet multiple C-level stakes have been completed in the past few days, and one C is roughly 300,000. If this was genuinely traded on the exchange, the coin price would have already exceeded 0.06. Therefore, the key factor for the continuous decline lies not with the sellers but with the holders, especially the large miners. To bring the SaaS coin back to its original value, I sincerely hope everyone can unite to resist offline trading and let the SaaS coin return to its "heroic" essence, ensuring that everyone benefits together.
It is indeed large miners: but some large miners exchange just for the sake of exchanging without caring if they kill the coin price! Wake up! If you don't believe or want consensus, please have these people close all positions quickly: the saas advocacy does not lack you!!!