Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes.
This is expected especially the whales are playing in the market. Most of the traders who gain profits to it are the one knows how to handle dissappointment. The price from 59 sats to 30 is really a huge downfall and if youre one of the fomo guys, it will bleed a lot expecting a gain. I dont want to join the league in riding the hype of Binance Coin Community vote which is quite risky also the profits isnt sure since the winner will be pick at the end.