CEX Alpha new coin GAIN dropped to zero on its first day, with an abnormal issuance of about 5 billion tokens dumping.

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On September 25, the new coin Griffin AI (GAIN), which went live on CEX Alpha yesterday, started a one-sided downward trend at 7:27 Beijing time today, falling over 95% in less than an hour, reaching a low of $0.005, and is currently priced at $0.00758. The market capitalization on BSC is only $2.58 million. According to BscScan data, the original total supply was 1 billion coins, with a circulating supply of 235 million coins, but GAIN has currently been increased to 5.29 billion coins. The largest wallet address holds 4.854 billion GAIN, accounting for 91.61% of the total, and is continuously transferring to the PancakeSwap V3 pool address (which has been paused as of the time of publication). The official has not yet issued any statement regarding this situation.

GAIN-40%
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