Waves (WAVES) founder Sasha Ivanov has begged all centralized exchanges to disable the futures markets for the digital asset in a Dec. 21 tweet.
In keeping with Ivanov, Waves doesn’t want a futures market as a result of it’s a “breeding floor for FUD and being profitable off quick positions.”
The Waves CEO tagged the social media deal with of a number of crypto exchanges together with Binance, OKX, Huobi, Kraken, and others in his tweet.
In keeping with Investopedia, a futures market enable members to purchase and promote an asset at a predetermined future date and value.
CryptoSlate beforehand reported that open curiosity on WAVES rose by 176% on Dec. 8 following South Korean alternate Upbit’s determination to challenge an funding warning on the asset. In keeping with Waves Labs, the DAXA warning did extra hurt to the token than USDN stablecoin depegging.
In the meantime, when Ivanov was suggested to purchase extra spot WAVES tokens to squeeze the quick sellers, he revealed that he doesn’t commerce and the one asset he holds is the embattled token.
WAVES down 98% from ATH
WAVES value has declined by roughly 98% from its all-time excessive of $61, in accordance with CryptoSlate information.
In keeping with the info, the token has been on a downward trajectory because it reached its all-time excessive in March 2022. Inside the final 30 days, the asset’s worth has declined by over 30% to its present worth of $1.52.
Crypto analyst il Capo Of Crypto posited that the poor value efficiency would proceed as its minimal goal is $0.11.
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