matz (matza.base.eth)

$FOLKS Just crashed 85% in the past four days after hitting an all time high, what happened? Well... The token got pumped beyond $1B fdmc, while the tvl of their defi suite did not manage to grow much beyond a hundred million. The airdrop started dripping to users starting the 16th of december. Another chunk of $FOLKS will be distributed to users on the 23rd as lending incentives from the past month. Funding fees on perps also foretold this crash. They reached -2% an hour on multiple exchanges, the most negative value possible. A lot of excited people bought into the cross-chain lending hype at the top without looking deep enough into the cliff they were jumping off. Don't make the same mistake and always look into what you are throwing your money at.

• 0 replies
• 0 recasts
• 0 reactions