On the first day of trading, Squid rose from 0.00007 to 2800.
The project party airdropped about 40,000 Squid Coins to many addresses, then blacklisted all these airdrop addresses. Therefore, these airdrop addresses are dead addresses (many of the top 1000 addresses with around 40,000 Squid Coins have not moved for over 3 years, that is, the first batch of Squid investors).
At first, Squid Coin could only be bought but not sold, which pulled it to 2800u, attracting people and completely harvesting them.
That night, a live stream on YouTube led many people to buy Squid Coin, which instantly went to zero, causing a sensation.
That night, after cz learned about this, when the project party ran away, he got up in the middle of the night, forcibly logged into Squid Coin to operate and blacklisted all the project party's addresses, then abandoned the rights to the Squid Coin contract.
After discarding the contract rights, cz personally funded and used his own wallet to add liquidity to Squid Coin (0.00007-0.01 instantly increased by hundreds of times).
#SquidCoin
Holding coins at 8 minutes after cz announced to blacklist the project party's address, liquidity was added, and then Squid Coin reached 0.8. This address did not sell a single Squid Coin (16 million Squid Coins, worth 100 million RMB at that time).
