$HIGH Market manipulation Update!!!
The HIGH token, associated with the Highstreet project, recently experienced a significant price dump shortly after its listing on Binance. The token’s value plummeted by over 40%, which alarmed investors and raised questions about the project’s stability and the team’s response.
The Highstreet team acknowledged the dump and attributed it to a combination of market manipulation and panic selling. In their update, the team emphasized their commitment to the project and assured investors that they are actively working to stabilize the token. They highlighted several measures, including:
1. Enhanced Security and Monitoring: Implementing stricter security protocols to prevent future manipulations and closely monitoring market activities to detect and address suspicious transactions early.
2. Community Engagement: Increasing transparency and communication with the community to rebuild trust. They scheduled multiple AMAs (Ask Me Anything) sessions to address concerns and provide updates on the project’s progress.
3. Development Roadmap: Reaffirming their commitment to the project’s long-term vision by sticking to their development roadmap. They outlined upcoming milestones and features to keep the community informed about the ongoing efforts and advancements.
The team is also collaborating with Binance to investigate the dump and take necessary actions against any detected malicious activities. This proactive approach aims to restore investor confidence and ensure the project’s resilience against future market volatility.
