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$SCR has been on a downward spiral since its launch.
Scroll has been plagued by internal issues at the company, scamming its employees with overvalued token purchases and then scamming its community with a predatory token economy.
Scroll conducted an airdrop after years of draining its community for fees. Users didn’t even receive enough tokens to cover the fees spent on the network. The team was then caught distributing millions to their own company wallets while the average user received $200.
Needless to say, this led to a price drop. Scroll has never recovered from the community backlash, although the price appears to have found a bottom.
Interestingly, the price appears to have found a bottom at the 0.786 Fib level. This level was taken from the day pre-market trading began on Binance, not public trading, showing a bottom at the 786 Fib level.
Are you bullish or bearish on Scroll?