Is it a conspiracy or an overt conspiracy? The incredible operation after REEF was delisted!!!
In the past two days, I believe everyone has noticed the information of REEF, an old coin in the Polkadot ecosystem. After it was delisted on Binance, it hit its lowest price on August 31st at the end of the month. As of October 13th the day before yesterday, it rose 20 times in two months, and then crashed in one day. This operation shocked everyone. A 4-year-old coin, from development to climax, experienced a bear market decline and finally became obscure. A few days after it was delisted on Binance, it began to counterattack 20 times and then crashed in one day. To be honest, the old cat has not recovered yet. What is going on? It collapsed without warning.
I remember that REEF was invested in by several exchanges at the beginning, KuCoin and Binance had invested in this project. Why did the project invested by Binance delist itself? I don’t understand what this operation is.
Let’s first understand what (REEF) is?
REEF is a multi-chain intelligent income engine and liquidity aggregator, and any DeFi protocol can be integrated into it. With the support of Polkadot, it shares its security model with the ecosystem and enables cross-chain integration across various DeFi protocols.
Currently, this project is among the top 300 in market value. It also has a large trading volume on Binance. In addition to delisting spot products, it actually retained the REEF contract. This operation feels a bit like a joint effort to harvest retail investors. Anyway, I don’t understand it, so I don’t recommend doing this.
