🎉🎉Developers Quietly Minted Huge Amounts of Altcoin for the Coin Announced to be Delisted on Binance! 🎉🎉

On-chain data revealed that the leveraged trading protocol LeverFi minted approximately 13.7 billion new LEVER tokens. A portion of the newly minted tokens has already been transferred to the cryptocurrency exchange Bybit. However, there has not yet been an official statement from the project team regarding these transfers and token production.

This development occurred immediately after Binance announced on July 4 that it would delist the LEVER token. Therefore, the community finds the timing of the token minting and transfers particularly noteworthy.

LeverFi had announced on May 15 that it plans to increase its total token supply from 35 billion to 55.7865 billion as part of the "LeverAI Staking Incentive Program" it launched. Today's token production is thought to be part of this expansion plan.

The LEVER token is currently trading at $0.0003124. The token has seen a decline of 94.2% since reaching its peak of $0.005333 in July 2022. This situation raises concerns among investors regarding both the token economy and the long-term sustainability of the project.

Formerly known as RAMP DEFI, LeverFi aims to develop an adaptive layer that enables secure communication and transactions among global blockchain networks for artificial intelligence-supported decentralized applications (deAI), according to its official statements.

The community expects LeverFi to provide a transparent and clear statement following the recent developments. How the new token supply will contribute to the project remains a topic of curiosity.

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