/biz/ - Business & Finance

DRXNE was/is some shitcoin that was initially airdropped to individuals at the rate of 1000 drxne/person and traded at roughly 750-1000 sats for a while. Total supply was ~75 million with most people owning only marginal amounts, since besides the airdropped quantities a few people had purchased otc directly from the dev

Then out of nowhere it was pumped from 750 sats to 130k sats on little volume (since there was little on the books at that time). Subsequently retraced the entire thing next hourly candle and continued to bleed all the way to 300 sats, after which 252 million coins were dumped (lol) bringing the price from 300 sats to 3. Most epic JUST i've seen firsthand in crypto