"The team behind rapper Sexyy Red's PRESI token "sniped" or quickly purchased more than 90% of the total tokens upon launch, according to a social media post from ZachXBT. The PRESI token quickly increased in price from 0.000045 Solana (SOL ) (about $0.0067) to 0.01 SOL ($1.48) per coin in the first 75 minutes after launch. Then immediately decreased by more than 50%, down to 0.0042 SOL ($0.62) per coin. What do you think about this?#cryptocurrency#PRESI"