Hey, what happened here? There’s an ongoing dump on this token. 99.2% dumped on the price is just too much. Are the team dumping their shares? There has to be an explanation for this; the project looks and is backed by big platforms.
The price right now is a good entry point, but we need to know what caused the dump.
Yeah I noticed that too. Feels like a classic case of early unlocks or insiders exiting fast, probably farmed tokens from some early event or pre-market round. That + the general market not really having the patience for long-term AI plays right now.The price right now is a good entry point, but we need to know what caused the dump.
I doubt it’s the team dumping directly (though you never know), but it’s probably early hands taking profit while there’s still some liquidity. Until there’s real demand or usage, I’m not sure the price action will hold up, regardless I bought a tiny bag on BG hopefully am safe