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Game games Wolvesdao and Token token WoF spoke on Avalanche on Friday – and quickly crashed in price.
It passed at about 10 am to eastern time. Within two hours, it decreased from 0.041 to 0.009 US dollars, according to its graphics on Geckoterminal.
This is a 78% price dump in 120 minutes. Some of Crypto Twitter accused the “insiders and organizers” of early, sold and contribute to a quick immersion in the price.
Others, such as an investor and playing the game personality of John Blake, decided to buy a token well after the fact, because they like the team (and, in general recognition, they still lose this money). Looking at the history of gas in the earliest hours in a hectitrinal position, shows that some “whales” were sold (wallets from more than 10 thousand dollars in a bastard). I totaled 10 whales selling between 10:18 east time, shortly after the token was launched, until 10:45 in the morning on the same day.
Together they sold tacks in the amount of about $ 143,000. Between 10:45 Until noon, two more whale wallets were sold.
This is wrong What However, much, given that its market capitalization amounted to about $ 16 million at launch. There were also a lot of “dolphins” who sold from 5 to 10 thousand dollars.
While on Friday evening there was a small rebound, by the evening of Friday the price of token was a more or less tendency to decrease.
By the evening on Sunday, he reached the closest to zero, which was once, about 0.005 dollars, sharply falling 42% from Saturday to Sunday as a result of the sale on weekends.
The fact is that this is the price action of a fast pump, and then a long, painful decrease to zero occurred again and again from the meme.
But Woof was not intended for memcoid. Until now, his pricing action and displacement of moods remind me of what happened to another token related to games, CGX, which began 18 days ago and decreased by about 84% of its record high level.
Wolvesdao is an exclusive Discord server oriented to games, and a community with about 300 participants, which has existed for many years. The founders use their real names and were in the gaming space of the blockchain, working with different projects or independently.
One of the founders, Payton Kaleiwahea, shared with me both publicly and earlier, as a token will become an access to the upcoming agent of artificial intelligence Wolvesdao for searching for blockchain data. The agent will have access to Proprietary Data and can offer the best experience in discovering the game than on Twitter or Google Search.
So why did the token fall so fast?
One self -proclaimed Avax Degen said that, I think, here is: “Wake up. This is not a project, this is a market. ”
The launch of token was and will always be risky. It is difficult to get people out of the current memorial. You must also Really Trust the team behind it, but even if the team is full of trusting, ethical people, it may not cover the financial assessment (like many of my NFT since 2021).
Kaito was one of the tokens who recently defeated this trend. This was a more stable price than other new tokens that enter the market. But last week it decreased by 30%.
But I also do not blame people for sale part or all their allocations. It is difficult to truly predict what the team, whales or holders are going to do, and the sale of part of the distribution or exchange for a stable-one from the methods of DEP risk with a low-determination coin.
I submitted an application and received 40,000 gal. Since then, I have changed half of the USDC to Avalanche, which was less than $ 300, with potential plans to change this again at some point. I still have 20,000 gapols in my wallet. It cost another 300 dollars a few days ago, but now it costs about $ 100.
I turned to the co -founders of Wolves kalewahea and Sam Steffanin for their thoughts about actions on the weekend of Token.
