After the listing on Binance on July 18, the price of $C rose by 229%, but then pulled back by 60% from the peak of $0.51. The recent listing on Bitrue (August 13) failed to resume the growth.
Early investors and recipients of the airdrop (20 million $C , distributed through the Binance HODLer program) continue to sell. At the same time, 16% of the total coin supply is in circulation, while token unlocks and limited demand increase pressure on the price.
The price of Chainbase has fallen due to technical signals, decreased interest after listings, and potential token sell-offs after the airdrop, in the absence of new positive news.#Chainbase @Chainbase Official