Yesterday, Binance announced it would remove several cryptocurrencies, including Gifto (GFT). Instead of panicking, the Gifto team made a daring move — they created an additional 1.2 billion tokens, effectively doubling the supply. 🎉
But that's not all! They then sold those tokens on exchanges, causing GFT’s price to plummet by 38%. Because, apparently, getting delisted from one of the biggest exchanges wasn’t enough drama for one day.
Rumor has it, the proceeds from the token sale went straight into their pockets, so the nearly 50% price drop doesn’t seem to bother them at all. Classic!