Recently, the token HIGH issued by Highstreet, a Japanese Yen Universe project, has experienced abnormal price fluctuations. The token has risen by more than 350% since mid-April, but has been heavily sold since June 8. The token price has plummeted from $8.8 to 3 US dollars, many people in the community questioned that this situation was caused by the team selling up to harvest retail investors.
In response, a member of the Highstreet team posted on the TG channel that the recent price fluctuations were caused by malicious selling by an entity. The team’s recent investigation into Highstreet’s price action revealed that an entity had withdrawn 20 million tokens, worth approximately $176 million at pre-sale prices, 9 million of which came directly from the Korean exchange.
Although Highstreet actively responded and digested the first batch of 8 million sold tokens, it was ultimately defeated by the huge selling pressure. The team stated that the entity initially purchased the tokens from Bithumb and laundered the funds through the BSC bridge. The team only now discovered the identity of the opponent. The team urges all traders to exercise caution and remain vigilant. Please pay close attention to activity at the following wallet addresses:
https://bscscan.com/address/0xb84970bfefc3f3babcb58e2d3981b1c8e3450ceb#tokentxns
https://bscscan.com/address/0x10ae0151796151990e8da442d52be582502d56d6#tokentxns
As of now, the above address continues to send HIGH tokens to the Binance exchange.
This article HIGH coin plummeted 60% in 4 days! Highstreet was questioned about cutting leeks, and the team issued an article to express injustice. The post appeared first on Zombit.
