#AIN What’s happening behind this drop ⚠️
I’ve just scanned the transactions of the official Infinity Ground (AIN) contract on the Binance network (0x9558a9254890B2A8B057a789F413631B9084f4a3), and this is exactly what’s happening.
The unusual and intense activity is concentrated here: the team is actively using this wallet to remove AIN tokens from circulation in an attempt to slow the price drop. This perfectly explains why CoinMarketCap’s algorithms detected an “abnormal spike”: the supply that was supposed to be in users’ hands is suddenly being absorbed by the project itself!!
Lockup and deposit pause: Due to this technical process and the token restructuring, AIN deposits and withdrawals have been temporarily frozen or restricted on exchanges such as CoinEx. The team has announced that it expects to reopen them soon.
I’ve just scanned the transactions of the official Infinity Ground (AIN) contract on the Binance network (0x9558a9254890B2A8B057a789F413631B9084f4a3), and this is exactly what’s happening.
The unusual and intense activity is concentrated here: the team is actively using this wallet to remove AIN tokens from circulation in an attempt to slow the price drop. This perfectly explains why CoinMarketCap’s algorithms detected an “abnormal spike”: the supply that was supposed to be in users’ hands is suddenly being absorbed by the project itself!!
Lockup and deposit pause: Due to this technical process and the token restructuring, AIN deposits and withdrawals have been temporarily frozen or restricted on exchanges such as CoinEx. The team has announced that it expects to reopen them soon.
