Please don’t fall for this trap.
Price $6
I posted the other day about this.
What is happening with IO price currently is a pump and dump in the making.
Connect the dots, when did BNB reach ATH, was it during the launchpool ? Did the price plummet towards the end of the farming period?
This is because the VCs are so greedy they now farm their own launchpool to stop sell pressure on launch.(obviously not directly, based on my opinion and research only)
Seriously people wake up, you are all making this way to easy for them.
I don’t know how high they will let it go before they dump their farmed tokens but it will be a bloodbath for leveraged retail when they do.
This project already has a $5 Billion FDV
Entering now is madness, please don’t make that mistake.
I would much rather you come back and call me an idiot if it pumps 20%more than you come back and be liquidated because it dumped.
This is not fair value for retail, it could go a little higher $6.5- $7 or it could dump at any time, it’s totally manipulated and depends on when they offload their farmed tokens.
Please don’t high leverage or high margin long at current prices around or above $6, there is to much chance for a large dump and you get liquidated
*If you believe in the project and want to hold spot for months or years then go for it*
*Edit June 13th* 10 hours after this post the price has fallen from $6.3 to $4.68(over 25%)my warning was correct, it could still fall more, if it falls lower then the decisions to enter are up to you, this post was based on the conditions at the time i wrote it, i wont follow this project more for now*
*Edit June 18th* Price continued to fall to $3.5, down 40% since my post
Be smart.
✌️
