The REEF token has experienced a big price fluctuation since its delisting from Binance spot trading on August 2, 2024.
The token initially surged over 650% in just 3 months from its lowest earlier this year, reaching $0.010. According to @Wiseadicesumit, a crypto influencer on X, retail traders started short-selling the token, while Whale started buying it after the delisting.
However, after hitting a recent peak, the price dropped sharply, losing 64% of its value. As of press time, the token is trading at $0.0042 with a 53% drop in market cap.
But despite the dump, the token has seen a massive 139% in total market volume in the last 24 hours to $235 million, largely fueled by trading from exchanges such as WhiteBit, HTX, KuCoin, and Bitget.
Moreover, the number of REEF token holders has also risen significantly, reaching nearly 23,000 according to CoinCarp.
While some see this dip as a “pump…
