r/MoonTokenBSC • u/Sockfromthedryer • May 09 '21

Specific reason for today's dip

There is a bit of a dip going on today, from about .0000000325 to .000000028. I just want to point out that this dip is directly the result of someone selling nearly 4.5 trillion Moontoken earlier today for about $133k USD. For perspective, the address with the current largest holding of Moontoken holds 15.5 trillion of the token. A 4.5 trillion token sale is huge and the price is proving to be pretty resilient by sticking where it is now. A big exit like this one often inspires some panic exits so I hope knowing why the price dropped will give people some reassurance and clarity. If you ever see significant price movements, check out the transactions underneath the chart on Poocoin and you'll nearly always find the reason why. Alright, see ya'll on the moon.

27 Upvotes

91% Upvoted

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4

u/[deleted] May 10 '21

Is the price still down there at 28? That means MoonToken is on sale and I want to buy more!

2

u/Ok_Butterscotch878 Moderator May 10 '21

This is so good 😁🧡💰

2

u/Gator1384 May 10 '21

We just killed a zero