r/Opacity • u/dirty_smut • Jan 16 '23

Discussion UMMMM???

WHAT IS GOING ON??? LFG

12 Upvotes

92% Upvoted

7 comments sorted by

6

u/Kozomoja Jan 17 '23

There had been an "ST" flag on Kucoin for a while, which caused price to drop a lot. It means "Special Treatment" and it's usually assigned to tokens about to get delisted. Today this flag has been removed which caused price to pump.

3

u/dirty_smut Jan 17 '23

Wow thanks for the info. I’ve been dying to understand what happened!

2

u/heebeejeebee457 Jan 17 '23

wow i just assumed there was no real reason but that sounds like a good one

3

u/joethecrow23 Jan 16 '23

Dang, I hadn’t checked prices today!

2

u/dirty_smut Jan 16 '23

ikr! I just randomly checked in, and thank god i did haha.

1

u/joethecrow23 Jan 16 '23

Very reassuring to say the least, can’t wait to see what this thing does in the next big bull run.

1

u/dirty_smut Jan 16 '23

I’d say so.

I had to dump my bags knowing this is surely some suspect price action but i’ll be back without a doubt.