Open high and close low, let's see what big things will happen in the cryptocurrency circle

I guess everyone is getting bored of reading the news about Filecoin recently. Today, let’s talk about another hot project in the cryptocurrency circle - SushiSwap . The token of SushiSwap is SUSHI , also known as the sushi coin.

SUSHI was also launched on three major exchanges: Binance, Huobi and OKEx .

Do you think SUSHI will soar to the sky from now on?

too young too simple!

Since SUSHI was listed on the exchange, the price has plummeted from a high of $13 to $1.3 , and it looks like it is about to return to zero.

Some Twitter users even revealed that the founder sold all the SUSHI tokens in his wallet in exchange for about 18,000 ETH , or about 6 million US dollars, causing SUSHI to plummet.

There are even coin friends who complained in the coin trading group that they entered the market with a worth of 8 million, but in the end their money dropped to only 70,000. This makes people sigh that although DeFi has the reputation of being decentralized, it is still a sickle for cutting leeks.

It has to be admitted that SushiSwap's governance mechanism is ideal, but the reality is cruel. Like many other projects in the cryptocurrency circle, the white paper says on the surface that it is to "serve the people and care for the people", but secretly it has already raised a sharp sickle. The founder cashed out $6 million at the high point, which aroused the responsibility of the entire network. In order to calm the public's anger, the founder has sent the time lock management control authority to SBF (FTX founder and CEO Sam Bankman Fried) and is transferring control to SBF.