Post
Topic
Board Altcoin Discussion
Re: SUSHI Dumped By More Than 60%
by
casperBGD
on 04/09/2020, 06:58:07 UTC
How is this a suprise to you?
The question is how it is possible that this token dumped so little upon launch? Most tokens dump much more upon entering the exchange.

The name itslef indictaes that this project is not serious.
Depends on the situation there are some tokens who are pumped during their launching on the exchange. But of course the case is not always the same since we cant be sure of the possible outcome of the price in the market. Some projects tend to sky rocket during the launch. Like sushi during the first day hike it almost 10x in the price. Then dump immediately.

yeah, but with SUSHI is not usual situation, it is a highly risky DeFi project, that could be pumped again, but also fall to zero in no-time
one should be very careful with this and similar DeFi projects, that are issued without proper audit and due diligence, with adjusted open-code from other projects