10 months ago
1 min read
BALD Token Drops 90% After Developer Withdraws Liquidity Money
The newly-launched bald (BALD) tokens experienced a turbulent ride as prices plummeted by as much as 90% after reaching a peak on Monday. The token’s deployer made a significant move by removing millions of dollars worth of liquidity, causing a sharp decline in value from 9 cents to 1 cent. While some recovery was witnessed, with prices bouncing back to 4 cents at the time of writing, the incident left traders on the edge. During the European morning hours on Monday, BALD tokens held an impressive $32 million worth of ether (ETH) in liquidity. However, the mood quickly changed as