Ninjastic
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Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
Fivestar4everMVP
on 31/03/2025, 05:47:22 UTC
Quote from: Mahdirakib on March 30, 2025, 04:30:33 PM
Quote from: pawanjain on March 29, 2025, 01:38:21 PM
Lol, sounds like a big thing but when you look at the price, even a minor change in price would reflect like a huge thing.
FUN token has indeed become a convenient coin to pump. May be this was just someone trying to PUMP FUN.  Grin
FUN token price is still increasing, which is quite mysterious. I can't find any valid reason for the surge of FUN tokens price now. Maybe Freebitco team doing it intentionally to encourage the users to not sell and withdraw their FUN tokens from Freebitco. Currently, the circulating supply of FUN token is around 10.6 billion. The total locked FUN tokens are almost 7 billion at Freebitco. So, a real investor won't make a big investment on this type of token which doesn't have big potential in the future. Which makes me feel like that Freebitco team is behind this move.
From $0.0015 to $0.0068 is quite and impressive pump, and I think it's still possible that some investors might be responsible for the the price increase,  but this would definitely be investors who possibly do not know or understand that tokenomics of the token, and possibly have no idea of the lock.

But on the other hand like you said, it is also highly possible as well that the team may be the ones behind the pump as well, but this is manipulation if you ask me, which we all know is a punishable offence in the financial law.

But all the same, I hope no one fomoed into the pump any way, or have gotten out because the price is already coming down bit by bit, if the pump does not continue, I have no doubt we will see the price of fun token back to where the pump began from or it may even go lower this time depending on the condition of the general market.