BlockBeats News, September 25th, it was reported that Griffin AI (GAIN), a new coin launched on Binance Alpha yesterday, started a one-way downtrend at 7:27 AM Beijing time today. In less than 1 hour, the price plummeted by over 95%, hitting a low of $0.005. The current price is $0.00758, with a market value on BSC of only $2.58 million.
According to BscScan data, the originally planned total supply of 1 billion GAIN tokens with a circulating supply of 235 million has now been inflated to 5.29 billion. The largest holder owns 4.854 billion GAIN, accounting for 91.61% of the total supply, and has been continuously transferring tokens to the PancakeSwap V3 pool address (currently paused at the time of writing). At present, no official statement has been issued regarding this situation.
