$BIO Many retail investors who are new to the circle may not be very clear about what staking for new token issuance is; you can ask Doubao.

Simply put, I open a certain bank, and you pledge your bio tokens to me. I give you interest in a certain token — this is staking for new token issuance.

But the bio tokens you pledge with me are all in my hands; I can use them to manipulate the market or to pump the price.

Although the staking mechanism itself has long-term value, the current price has already overextended short-term expectations. The resistance at 0.066 has been repeatedly testing upward, oscillating and dropping; a short-term pullback is inevitable.

This is also why Sister Lu is why she reopened the second round of the pump at 0.059