I think don’t really require confirmation to understand it has been mostly insto buying who are in the known and also understands NFT and followed Animoca’s story.
To put into perspective a 200,000 buy wipe on the current price is $350,000. Retail don’t have that money laying around. Even the typical HNW will struggle to put that amount into something not liquid.
If this was on the market trading then different story. But as a public delisted company, only serious buyers will be involved and they won’t be liquidating for a long time.
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