Binance Alpha's new token, GAIN, plummeted nearly 95% in an hour this morning, suspected to be due to a massive issuance.

PANews reported on September 25 that Binance Alpha's new coin Griffin AI (GAIN), which was launched last night, experienced a unilateral decline this morning, falling nearly 95% within an hour to a low of $0.004185. It has now rebounded slightly to $0.02, and the BSC market value is less than $5 million.

BscScan data shows that GAIN's original total supply of 1 billion (with 235 million in circulation) has been increased to 5.298 billion. The largest address holds 4.852 billion, or 91.58% of the total supply, and continues to transfer tokens to the PancakeSwap V3 pool. Officials have not yet released a statement regarding this.

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Author: PA一线

This content is for market information only and is not investment advice.

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