$FORM Weekly plunge over 56%
BNB Chain only sees new users of Aster smiling, not old users of Four Meme crying.
The Four Meme team is suspected of attracting community users to stake over $60 million worth of tokens through new staking, and then the team took the opportunity to dump the tokens.
Fearless colleagues recently participated in the new staking of Four Meme, endorsed by CZ and BSC's direct lineage, and were attracted to participate in staking new projects like $CDL.
Who would have thought, shortly after participating, the principal $form began to plummet. Initially, it was thought to be the selling pressure from users unlocking their stakes, but $form directly entered a week-long continuous plunge mode, halving in price. From a high of $4.3 it dropped to around $1.9, directly falling to the price of March. Is this a bull market?
Moreover, some community users reported that during the staking period, it was suspected that the project team made large deposits to Binance to dump the tokens.
I hope the project team has a reasonable explanation for the plummet in $form's price. Also, are there any familiar on-chain big shots who can dig into the team's address situation?