$GAIN is neither the first nor the last!
Do you remember the terrifying $LUNA? Its inflation led to a market cap of billions, only to go to zero overnight.
Some projects' token inflation is caused by "hackers," while others inflate because the project team ran out of money and sells tokens through inflation, like IOST and others...
Only $BTC is the most reliable, with a cap of 21 million coins, locked in with no inflation.
#dogecoin may not have a cap, but at least it won't inflate randomly, and its inflation rate decreases year by year.
If one day #Aster also inflates new coins, we shouldn't be surprised at all.
The project @Griffin_AI, which just launched on Binance yesterday, issued an additional 5 billion $GAIN (original total was 1 billion) two hours ago, and then crazily sold off 150 million on-chain, causing $GAIN to drop by 80%.
Currently, this address has exchanged the 150 million $GAIN sold for 2,955 BNB ($3 million) through the cross-chain bridge deBridge, converting BNB into ETH.
Address that issued and sold $GAIN:
This article is sponsored by #Bitget｜@Bitget_zh
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