$MMT
The reason for today's sharp decline has been found. The day before yesterday, after MMT went live, it triggered a massive liquidation of hedges and new offerings, and delayed the unlocking of tokens, causing the price of the currency to rise sharply. However, since yesterday, the price has plummeted.
The main reason is that a wallet related to the suspected MMT team developer deposited 38 million tokens into Binance yesterday, leading to a frenzied sell-off and causing the price to collapse.
According to Binance's market data, after the price of MMT was pushed to about $4.4 during the short squeeze on the evening of November 4, it has rapidly plummeted to the current position of $0.68.
$MMT #MMT
The reason for today's sharp decline has been found. The day before yesterday, after MMT went live, it triggered a massive liquidation of hedges and new offerings, and delayed the unlocking of tokens, causing the price of the currency to rise sharply. However, since yesterday, the price has plummeted.
The main reason is that a wallet related to the suspected MMT team developer deposited 38 million tokens into Binance yesterday, leading to a frenzied sell-off and causing the price to collapse.
According to Binance's market data, after the price of MMT was pushed to about $4.4 during the short squeeze on the evening of November 4, it has rapidly plummeted to the current position of $0.68.
$MMT #MMT
