Today I saw the news that Sushi will be listed on Binance. after I saw this news, I stopped understanding what is happening on the market. this is some kind of crazy things
One thing is certain here, someone had cashed out and exit the SUSHI market. It is obvious that when profit is seen many holders will sell to take profit. This is not something new especially for projects that increased so fast, and the market cannot support the price.
Speaking of the crash in price, this are the pitfall people are advised to watch out for when invest in Defi project despite there potentials.
@BitcoinPanther, crash in price should be expected whenever a new project hold trading competition on Binance because the whales usually manipulate the price of the coin.