RE: DHF Drama And Why You Are Wrong
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HIVE trading volume is a meaningless metric for measuring selling pressure. I could start with 1M HIVE and buy and sell it 100 times in a day, create millions of dollars in trade volume and end the day with 1M HIVE.
The DHF paid out over $6M last year and the HIVE marketcap was under $100M for most of 2024. This is way too much. The put that into perspective, the ETH Foundation which is a little like our DHF sold a total of 4,466 ETH for $12.61M at an average price of $2,823 in 2024 but ETH has a marketcap of over $320B.
When people sell HIVE in large amounts, the price drops no matter the trading volume.
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I get your basic argument, but the fact that it is so minuscule mitigates that point. Have a look at the order books of Binance and especially Upbit on a day like today (when it's not even that hot); you can easily sell 100k of Hive without impacting price by a whole lot.
Also as for the yearly argument, see my reply to mypathtofire. While $6M/$100M is a lot it has been bear years which will not hold true for bull years - also, we would have to actually know how much of the $6M contributed to Hive's value. I would definitely argue that funding projects is very beneficial to the ecosystem, but I agree that it's hard to know the impact they have and that for bear years this figure might be a bit too high.