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How many blocks will Sato's death spiral have?
Because of the curve setting of the price index, the gap between market value and actual reserves will grow larger and larger, so when the minting is complete (99%), once early large holders start to sell, the market reacts in the opposite direction.
According to the point-based transaction mechanism, the actual losses from the decline are asymmetrically amplified. Burning reduces circulation but cannot prevent the price from falling; they are essentially the same thing.
Therefore, a drop of over 90% within a few hours is also normal.