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$SKY Pumps 18% – Why I'm Selling ASAP
😤 Fed Up with the Switcheroo
Been waiting forever to offload my
$SKY bag at 0.07. I bought into what was MKR back in MakerDAO days – solid DeFi governance token with ~1M max supply. Now? Boom, rebrand to SKY, and your MKR morphs into 24,000 SKY per token. Suddenly staring at 23B+ total supply – that's a massive dilution nightmare. What you thought you owned? Poof, replaced by this bloated beast with new tokenomics, penalties for not upgrading, and endless emissions. Feels like a bait-and-switch.
🔥 Seen It Before
Happened with Fantom too – rebranded to Sonic, 1:1 swap to
$S , but tokenomics tweaks unlocked billions more (circulating ~2.88B, total up to 3.175B+ with 1.75% inflation post-2028). Result? Non-stop devaluation, price tanking hard. Can't trust these mid-project overhauls.
Ever get burned buying Project A and waking up with Project Z? Spill in comments. 👇
#SKY #DeFi #S #Altcoins