The Limitless Team Turns Decline into Opportunity

The cryptocurrency market is full of movements that attract investors' attention. Despite the recent price drops, the Limitless (LMTS) team is drawing attention with their active trading strategies. According to data from the on-chain analysis platform Lookonchain, wallets associated with the Limitless team have entered a buying phase using the proceeds from their previous sales.

In particular, the 0x3c58 address acquired 40 million LMTS from the Limitless team, putting 5.63 million of those tokens up for sale at an average price of $0.42, amounting to approximately $2.38 million. However, shortly after, the funds were utilized for buybacks through the 0xBF31 wallet. This wallet executed a buyback of 484,748 LMTS (worth approximately $166,000) when prices did not drop below $0.34.

Such movements highlight the Limitless team's ability to manage market liquidity and ensure price stability. Despite not having a listing on centralized exchanges yet, the LMTS price continues to be supported by strong buying pressure.

A developer from the Limitless team, CJ, confirmed via X (Twitter) that the LMTS token economy is functioning as planned, and the revenues from sales will be used for buybacks within appropriate price ranges. CJ also mentioned that some selling pressure was experienced with the circulation of tokens distributed through airdrops; however, thanks to "intense buying interest, price targets have been increased."

CJ emphasized the Limitless team's commitment to the sustainability of the project with the statement, "We are ready to act against those spreading FUD. We are ensuring the health of the network in the long term." These statements are attracting the attention of investors and are considered a step towards building trust in the market.