šš $BNX Urgent Update šš
BNX experienced a significant drop recently, decreasing aroundĀ 43%Ā from yesterday. After reachingĀ $1.21, it fell sharply. The next support is at 0.60 which is also 3 months hold. If it can't sustain this support then it will fall more badly. This coin has been the subject of controversy, and many investors bought in after it reached one dollar, only to see it fall immediately. More thanĀ $50 millionĀ was liquidated in just a few hours. This is the second instance of such a drastic drop, following a similar event with $HIGH . This marks its lowest point since late April. š
While the exact reasons for the drop are unclear, itās worth noting that BNX had a somewhat suspicious jump a few days ago (almostĀ 30%!), š¤· but the trading volume was relatively low even then.
