Quote from: FinneysTrueVision on Today at 07:26:08 AM

Quote from: Hispo on June 23, 2025, 05:38:56 PM

What is even going on with the price of their token going to new highs anyways? I was lurking on Binance and noticed their token was pumping hard these days and I wondered whether something extremely positive had happened to the ecosystem of Freebitcoin and people were prompting to buy as much FUN tokens as possible, because such a pump in the price is not normal at all...
Perhaps, with the difference of price there could be people trying to do some arbitrage moves in order to pocket some money with all this chaos.

Also, why is the the world would the casino not pay the same market price for their own token when in the spot market of centralized exchanges is higher than within the same casino, it does not make sense to me, unless the staff of the casino and those in charge of the token are seeking to take advantage of holders who are desperate for liquidity and get their money out.

If someone has some extra information on what is going on, it would be very appreciated, I feel as if I am missing so much.

A few days ago they teased that some major updates were coming. In the past 24 hours they announced that they have a new Telegram game called “Wheel of Fortune”, which kind of feels like they are trolling all the FreeBitco.in premium members they scammed by not crediting them with their spins on their original Wheel of Fortune.

Another announcement they made was that they burned 25,000,000 tokens. This is only around 0.2% of the total supply. The news was quite underwhelming and as a result their token has gone down 17.5% when almost the entire market is looking green.

That sounds like a whole ice water bucket on the heads of those who sold their tokens early because they noticed the casinos was not honoring them their initial promises with their token, and now the token is raising in value, I cannot even imagine how those investors who felt disappointed and sold could be feeling right now. Sounds a complete betrayal by the casino and the team which is supposed to look after the interest of the token and those who trusted them enough to hold it from the very beginning.
Now one cannot do much but paying attention to the development of that new game and how high the price of the FUN token is going to get. Sadly, this is the nature of the market, specially if we talk about tokens whose value is directly tied to the actions of a centralized entity like a casino, there will be a few people who will be able to pocket hundreds of thousands of dollars, while those who sold because of their disappointment are going to get nothing as compensation...