Synapse Wins the War on Bots

  • The token goes public with a base price of $ 0.15 (1x).
  • Investors, hoping to get rich quickly, buy as soon as it is possible to trade, raising the price for a fraction of a moment to $ 1.1. Approximately 7.3x increase.
  • The price then drops to around $ 0.48 (3.2x), before rebounding to around $ 0.67 (4.46x).
  • The rate then starts to decline and hover at around $ 0.35 (2.3x)
  • Then we jump again to the value of $ 0.55 (3.6x)
  • Traffic that occurred in the first moments was completely organic and consisted of hundreds of purchases by individual investors.
  • None of the investors bought more than the limit, (ie. the anti-bot mechanism worked).
  • The significant drop in the rate was caused by the sale of tokens bought outside the stock exchange, before the DEX entry period. For example, a few larger trades that benefited from a high rate that significantly lowered the rate:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store