Apologies to all my
$STONK friends, but I’ve been getting too many alerts about this to ignore:
STONK appears to be “reverse market making” their own ecosystem, selling tokens to cover fees and rewards, and extracting liquidity at the same time.
The STONK fee wallet has sold almost $50M of ecosystem tokens, including $8M worth of
$ZCAT
The wallet has also been actively selling large quantities of several low cap coins, effectively driving them to zero.
This strategy is being carried out on top of their existing 5% tax.