#AltcoinMomentum 😂 When in doubt, double the supply!
Yesterday, Binance announced the delisting of several cryptocurrencies, including Gifto (GFT). Instead of panicking, the Gifto team pulled a bold move — they minted an extra 1.2 billion tokens, effectively doubling the supply. 🎉
But wait, there's more! They then dumped those tokens on exchanges, crashing GFT’s price by 38%. Because, clearly, getting delisted from one of the largest exchanges wasn’t enough drama for the day. 😅
Rumor has it, the funds from the token sale went straight into their pockets, so the near 50% price drop doesn’t seem to bother them at all. Classic! 😎