The whales (devs and management) were selling their bags gradually over the last few weeks and it had come to the point that the price per coin was getting to be pretty much worthless like 0.0000001 - so they came up with a greasy scammy brilliant new twist.They are going to do basically a reverse split but they get super angry if you call it that. In their world it's a token CONSOLIDATION. So, if you had 1 billion tokens you will now have 1 million tokens but instead of 0.0000001 they will be worth 0.0001.The reason that's so brilliantly greasily effective for them is that they can keep selling their bags and run the price down again from 0.0001 till it again adds a few more zeros. Rinse and Repeat.Even though the price per token is close to worthless right now, when you're talking someone who has trillions, even a fraction of a penny can net you good sales proceeds when you dump.Tldr; SafeMoon team doing a reverse split to continue dumping without ppl noticing their coins going down massively in value
Submitted September 28, 2021 at 01:52PM
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