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
As others have suggested again and again, this DeFi hype is quite risky, a very risky investment.
And Sushi is no different. As bitcoin is going down, most of these alts and tokens will go down as well.
People should know better about this kind of hype. Once it is over or something affected it, it will go down in the history so fast.