I know here on NOSTR everyone is Bitcoin Maxi and my concern will be irrelevant for you 😜
But I noticed something that maaaybeee could be a sign for the next rugpull. Definitely not a good sign.
In my first cRyPt0 then Bitcoin time I stumbled over #NEXO. Its some kind of Defi/Shitcoin platform. I'm using their VISA card where I get cash back in Bitcoin.
I'm a Bitcoin Maxi but I didn't kill my shitcoin past in one blow but I'm get rid of them step by step.
So the next one I will get rid of will be NEXO. Because they offer different Tiers with different features. I was Platinum (highest) and one of many features was that I had 5 withdrawals for free every month. So I could send Bitcoin I earned or bought for free and without any network fees (because Nexo paid them) to my self custodial wallets.
But recently they changed the free withdrawals from 5 to 1 for every month.
For me that's a sign that there could be decreasing liquidity so they have to reduce some benefits. Another concerning point is that they are more frequently adding more shitcoins to their platform. I guess tryingbto grab cash from the trend shitcoins.
That's why I'm withdrawing all funds from #NEXO and will be one step closer to Bitcoin only 🤓.
No financial blabla as I don't know shit what's really going on behind the scenes there. 😘