The ongoing conflict between Ape Terminal, SatoshiVM, and Mac has led to a significant drop in the price of SAVM tokens

2024-01-25 10:08:48

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ChainCatcher news, Spot On Chain posted on platform X that due to ongoing conflicts between Ape Terminal, SatoshiVM, and Mac, the SAVM token has dropped by 32%. According to on-chain data: the SAVM Insight wallet has no activity, and the outflow of "smart traders" has increased to 382,000 SAVM.

CoinGecko data shows that the price of the Bitcoin Layer2 project SatoshiVM's SAVM is currently $7.58, with a 24-hour decline of 29.4%.

Previously, KOL Mac stated on platform X: "The Launchpad project Ape Terminal has engaged in deceptive practices in all its ID0 releases. All winners are from the Ape Terminal team. In addition, they charged a 25% fee. Ape Terminal refunded all SAVM tokens to the SatoshiVM team but made millions by selling the winners' wallets." In response, Ape Terminal stated: "SatoshiVM was founded by KOL Mac, who holds a large amount of unlocked SAVM and made $10 million in profit in one day."

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