On December 4, the price of BNX, the BinaryX token of the blockchain game project, fell by 50% today.
A significant number of customers have removed the BNX LP trading pair from Pancakeswap, a decentralized exchange, in the last 24 hours. According to AICoin data, the overall liquidation of BNX in the previous 24 hours was $1,271,900, trailing only the total liquidation of BTC and ETH.
According to input from community members, the previous huge BNX pledges began to expire one after the other on December 14th, and more than 100,000 BNX pledges will expire by the end of this month. According to the BinaryX official tweet, the team has not sold any BNX and will begin the repurchase scheme soon.
There’re rumours going around about our projects hence we are here to clarify: NOT A SINGLE $BNX is sold from our team and all our projects are running smoothly. Command your heroes to fight for your honour and dispel rumours. #CyberChess #CyberLand #CyberDragon
— BinaryX (@binary_x) December 3, 2022
Binance Labs previously invested in BinaryX and the creation of “CyberDragon” (CyberDragon is a metaverse chain game that integrates DeFi, NFT, and encrypted economic features). Users can mine in the CyberDragon game, go on dungeon adventures, participate in PvP games, and trade land and castle NFTs in the marketplace.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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