ORN price turns around when Binance supports renaming and charting but total supply increases nearly 3 times.
Specifically, Binance will support Orion Protocol (ORN) to change its name to Lumia (LUMIA).
The conversion rate will be 1 ORN = 1 LUMIA, but the total token supply will increase from 92,631,255 ORN to 238,888,888 LUMIA, nearly 3 times.
At 10:00 on October 15, the ORN trading pair including ORN/BTC, ORN/USDT will be delisted.
At 16:00 on October 18, the LUMIA/USDT trading pair will be relisted.
When there is news that the ORN price has increased for exactly 2 1-minute candles and then turned around, it is probably because the total supply has increased and the selling is extremely strong.
