🚀🚀Hold onto your hats, $HIGH enthusiasts!💵💲
The recent price drop for HIGH might be more than just market blues. Reports have surfaced about a malicious attempt to dump a massive 20 million HIGH tokens (approximately $60 million), potentially causing the sharp decline.
Fortunately, the Highstreet team and some savvy investors stepped in to buy up 8 million tokens, limiting the damage.
It appears the attackers may have bought $HIGH on other exchanges and then used the BSC bridge before dumping. Here's why this might be connected:
Remember how HIGH plummeted from almost $10 to $3 in just 4 days recently? This massive dump attempt could be a contributing factor to that rapid price decline.
While we can't say for sure, the timing of the reported dump aligns with the price drop. The team's quick action to buy back tokens likely helped prevent an even steeper fall.