Peanut Delegation 5/31/2021 by bigram13

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· @bigram13 ·
$1.78
Peanut Delegation 5/31/2021
Well we have some news today on the delegation front. We did have 6.5 million steem delegated, but one of the top two delegators pulled his delegation. Causing the APY to jump, but is it a good thing? 
![image.png](https://cdn.steemitimages.com/DQmUtqtsnC58qY83dtT3w549yJGPPMt6bmzk8xdvZkrEttm/image.png)


Losing the vote value, and then increasing the number of Peanuts it takes to buy a vote. So the profit percentage just went down both ways. You have less steem to upvote people, and then you make the upvotes more expensive.  Price of Peanuts are 1.78 cents

![image.png](https://cdn.steemitimages.com/DQmWDUx8paqQUUvtR6myL7sAkztFtYyL5WwtzbpWnxoeqB1/image.png)

Hopefully this is the bottom in price, as I have seen little  price support from the peanut team, as they have not been buying any with the money they have on the side. Wonder why, they should just buy and burn every week. 


![image.png](https://cdn.steemitimages.com/DQmW5V6o3SA3dgJ8xzCP8rm1pStYRipoRufBef9gDkHDBGs/image.png)


If returns drop too low, people will start bailing fast.
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last_update2021-06-01 03:14:33
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vote details (14)