Resolv team: 1.6 million RESOLVs have been repurchased at $0.15 in the past 24 hours

Odaily News Tim Shekikhachev, a member of the Resolv team, posted on X that Resolv has released more than 15% of the token supply to the market, including airdrops, market maker inventory, and incentive budgets. Most of them went to early users who supported the protocol for a long time before the token was generated. Some investors shorted the tokens in anticipation of a sell-off in the open market and planned to buy them back at a low price. Considering the aggressive sell-off that usually occurs after an airdrop, this strategy makes sense. Smart investors will want to re-enter the market at a lower valuation to obtain greater returns.
Tim added: “The Resolv Foundation has not sold any tokens during this period. In fact, we are a firm buyer at current prices - purchasing 1.6 million RESOLV at an average price of approximately $0.15 in the past 24 hours.”