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Last night $sato price defense battle,
I don't know if everyone has noticed how powerful this mechanism is.
1. When the price approaches the official buyback price, the market, because of the official backing,
is basically heavily buying the dip, because even if there's a loss, it’s not much, and at worst, sell to the official.
2. When the price rises too rapidly, official arbitrage can dump in the secondary market,
to prevent the price from increasing too quickly and harvesting too many profit-taking traders,
which could trap new investors.
This mechanism always revolves around a framework where there can be no sharp drop, nor a sharp rise,
steady development and slow, healthy upward movement are what the current market needs,
building long-term, high-quality projects.