MilkyWay Finalizes $92,708 Revenue Distribution, Prepares for Permanent Shutdown
- Final Distribution Completed: On January 23, MilkyWay finalized its last protocol revenue distribution totaling $92,708, converted from fees collected in TIA, INIT, and BABY tokens, indicating some remaining cash flow before the project's closure.
- Eligibility Criteria: Eligible participants for this distribution included MILK token holders, MILK stakers, and liquidity providers, with a minimum threshold of 1 USDC set to ensure effective fund allocation, meaning addresses below this threshold will not receive any funds.
- Reasons for Shutdown: MilkyWay cited three core reasons for its closure: insufficient demand in decentralized finance (DeFi), the late launch of the WayCard, and failure to alleviate funding pressures in a timely manner, highlighting the challenging market environment.
- Future Implications: With MilkyWay's shutdown, community members must reassess their investment strategies in the DeFi space and seek new opportunities to adapt to market changes, reflecting the fragility of the current DeFi ecosystem.
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Technical Analysis for BABY
Technical Sentiment Analysis for Babylon (BABY) As of , Babylon (BABY) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BABY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BABY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Babylon (BABY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00292 | 0.00686 | 0.011 | 0.0149 | 0.0191 | 0.023 | 0.0272 |
| Fibonacci | 0.00686 | 0.00994 | 0.0119 | 0.0149 | 0.018 | 0.0199 | 0.023 |
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