Curiously, I looked into why so many people are involved this time, and the main reasons are as follows:
· Recently, the Alpha market has warmed up, and everyone is willing to gamble on project launches.
· The project team created a 0.01% pool for USDT / GAIN, causing a large number of people who care about BNB fluctuations and are trying to boost their Alpha scores to flock to this project.
· On top of that, there is a 4x Alpha trading volume score boost, so even more people are participating.
However, in terms of scale, the losses are not as significant as during the last ZKJ and KOGE crash; on-chain, it seems that at most just over 5,000 addresses are involved.
Yesterday, GAIN, which was launched by Binance Alpha, had a large number of tokens unusually issued this morning, and then dumped on Pancake.
Currently, the addresses with issuance permissions have stopped selling and have begun to gradually wash out the 2955 BNB obtained from the dump through a cross-chain bridge, which is worth about 3 million USD.
Poor students who were trying to score points this morning, 1 BNB in, 0.1 BNB out.
Could it be North Korean hackers again? The next BNB developer event in Pyongyang?
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