Rumors of developers selling $BNX token contribute to reducing its price by more than half
The BinaryX platform saw its BNX coin drop by more than half during the past day after rumors spread that developers were selling the cryptocurrency.
Some news within the crypto community reported that 4 million BNX coins were sold on the Binance platform, and one trader asked the team of the company that runs the digital currency to answer inquiries related to certain transactions.
BNX community doubts about developers selling the coin
This caused a state of turmoil within the crypto community, especially the BinaryX community, as some reported that the sale was done by the coin’s developers.
According to expert Elie via the Tradingview platform, there is a profit of more than 900%, while the trader 0xRajee mentioned large profits resulting from the uncovered sale of the digital currency.