Post
Topic
Board Altcoin Discussion
Re: What do you think about Sushiswap ?
by
CaVO32
on 07/09/2020, 07:29:06 UTC
Your friend probably doesn't even know that the sushiswap dev dump $8 million tokens. He's trying to pull a Charlie Lee if you know what I mean. Many of the previous supporters have lost confidence because of what he did. You know what happens to projects like that? It drops tremendously.

Binance just listed that token because they want the trading fees from users like your friend who are riding the DeFi hype. Not all projects in there are legit and if you want to check how it's performed after the hype - https://coinmarketcap.com/currencies/sushiswap/historical-data/

If you're going to buy now, you're only giving your money to the people who are waiting to dump and exit. Careful.


This is really not a very good investment in my opinion as the dev already dumped huge amount of tokens. What is the reason why he would do such thing? If the dev alone discarded his tokens, then he has good reasons why he opted that. Not a true believer of their own platform? Also, we don't know if FTX can really salvage this project in the long run. So in my opinion, better stay away from this, as the future is bit hazy on this one.