/biz/ - Business & Finance

>>29464997

As above, so below. Thank you based god

Looks like the fudders got their cheapies. For the newfriends, there was no rugpull it was panic selling.
Right now BNB is in the middle of a market correction so almost every single project is doing badly right now, it's not a WYNAUT or MEOWTH thing. It's not possible to know when BNB will go back up or if it will drop further before rising, but as you know BSC is great for tx fees and speed of transactions so people are only going to keep flooding in as gas and tx fees for other networks continue to stay high. If you think BNB will do good, you bet this is going to rise as well. If you are afraid to do anything right now, just hold on to BNB.
Anyway, what happened was that a couple of the bigger holders sold large amounts and weaker hands panic sold. You could have see the transactions in realtime on bscscan. It was not the dev or any one person. The distribution is very evenly spread amongst all holders, much more than many other new or even older tokens. How do I know this? You can see it here,
https://bscscan.com/token/0x067a5ad3f0f91acf512ffe66ea77f37b4dcaaf18#balances

There are other contributions to the craziness right now. If you don't know there were forks of things like the goose egg defi a few hours ago. One of them in particular seems to be manipulating its holders . It absorbed a giant portion of the marketshare and then one wallet, the dev's wallet, and tanked the price way below 50% within a minute. That in addition to BNB caused dumps in other projects.
>>29231188
It's already recovering. Whether it will see its ATH again it depends on the games coming out, APY decreasing, and people holding or selling. The dev made almost half of all farm rewards get burned a few hours ago (your LP and Meowth are safe its just the rewards for farming). It's possible that Meowths continue at these prices or explodes faster than WYNAUT soon.
>>29233949
Don't know what you mean by that but I just checked and both websites are still up and running fine.