FLOW tokens just experienced a rapid plunge, with a short-term drop of up to 45% in the evening. The situation quickly spread to the Korean market, where the local Digital Currency Exchange Association issued a notice requiring the suspension of FLOW deposit and withdrawal services. Major Korean exchanges like Upbit and Bithumb quickly followed suit and cooperated.
It is worth noting that FLOW is not an unknown project. It was a star project that attracted much attention during the last bull market, with its parent company raising nearly $600 million in total, dedicated to technology development and ecosystem promotion. The project team claims to aim to build the world's largest gaming blockchain, with ambitious goals. However, this rapid decline seems to have caused the market to reassess this once top-tier player.
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DegenTherapist
· 23h ago
45% directly slashed? Is this still called a star project? I have to tread carefully.
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6 billion in funding just like that? Feels like I've been completely harvested.
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Korean exchanges ban deposits and withdrawals, is this a countdown to death...
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A top-tier player turned out like this, how many people must be crying.
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Another big project has collapsed, I'm stunned.
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From a darling of the bull market to now, the turnaround of FLOW is quite intense.
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Withdrawal bans are in place, this is a real danger signal.
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So much funding and still falling like this? Where is the project team?
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Looking back at previous news and now... sigh, face-slapping.
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Now I understand what it means to lick blood from a knife edge.
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WalletsWatcher
· 23h ago
45% direct plunge, how big of a disaster is this? No wonder Korean exchanges are all banning it.
Once a king, now a textbook-level cautionary tale.
Raising 600 million and still can't get it right—this blockchain game dream has been shattered quite thoroughly.
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GmGmNoGn
· 23h ago
45% plunge? This guy really messed up the pump...
Once a king-level? Basically, just telling stories until no one believes anymore.
Wei Shen's project really can't hold up anymore.
Raising 600 million with this result, and still have the nerve to call it the world's largest... LOL
How long will it take for Flow to turn things around this time? The outlook seems worrying.
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GasSavingMaster
· 23h ago
45%? Haha, this is top-tier, it cracked me up. Only 600 million USD in funding? The Korean exchanges have all left, I knew it was over.
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SocialAnxietyStaker
· 23h ago
45%? Are you kidding me? The former top-tier level was only this much.
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Rugpull幸存者
· 23h ago
A 45% drop... This is what a top-tier project looks like, it cracks me up.
Korean exchanges have banned withdrawals, how many more people are stuck inside?
Raising 600 million to build a game public chain, and this is the current state?
Once star projects can't escape this disaster, my wallet has already gotten used to it.
FLOW tokens just experienced a rapid plunge, with a short-term drop of up to 45% in the evening. The situation quickly spread to the Korean market, where the local Digital Currency Exchange Association issued a notice requiring the suspension of FLOW deposit and withdrawal services. Major Korean exchanges like Upbit and Bithumb quickly followed suit and cooperated.
It is worth noting that FLOW is not an unknown project. It was a star project that attracted much attention during the last bull market, with its parent company raising nearly $600 million in total, dedicated to technology development and ecosystem promotion. The project team claims to aim to build the world's largest gaming blockchain, with ambitious goals. However, this rapid decline seems to have caused the market to reassess this once top-tier player.