Back to collectionA Sharp Fall Before the Unlock
The July 9 unlock was approaching, and holders were waiting to learn how the new allocations would enter the market. Mt. His remark quieted the argument for a while.
A creative chronicle combining project history with imagined scenes. Story events are not verification of network activity.
The July 9 unlock was approaching, and holders were waiting to learn how the new allocations would enter the market. Sisyphus had stayed in the group since the airdrop, but he was now tired even of discussing risk.
Mt. Gox repayments began amid selling pressure from Germany, and the broader market plunged. Bitcoin briefly fell to USD 54,000; XAI was driven down to USD 0.34. On the final trading weekend before the unlock, some in the group still tried to identify the source of the selling. Sisyphus said he no longer felt pain: “Numb is better than hurting.”
His remark quieted the argument for a while. He did not change his holdings, but he found that instinct was no longer enough to judge the risk; he would wait for the unlock terms before deciding. The current decline and the allocations due to be released remained separate problems he could not ignore.