Big Eyes coin was listed on Uniswap on Thursday at a price 88% lower than the listing price announced by the team, then crashed further. $BIG token is now down 99%, trading at approximately $0.000007.
$BIG token was listed at $0.0000743 on Uniswap, compared to the stated listing price of $0.0006. The stage one price for the presale – which began back in August 2022 – was $0.0001.
Big Eyes Coin Holders Down 95%
Several holders posted screenshots such as the ones below showing that they were down on their investment at the time of the Uniswap launch, for example to $2k from an initial position worth $27k.
Will Coffeezilla Investigate The Big Eyes Crypto Project?
One crypto influencer, Jacob Bury, questioned if the Big Eyes ICO was a scam and compared it to the kind of ‘rug pull’ American YouTuber Stephen ‘Coffeezilla’ Findeisen would uncover.
At the time of writing Coffeezilla has not commented on the Big Eyes presale or its price crash since launching on crypto exchanges.
$BIG token was listed on its first centralized exchange, Poloniex, on June 16th, and also launched its own DEX, Big Eyes Swap.
That additional CEX and DEX listing has so far not helped the $BIG price recover, nor a claimed partnership with the OKX wallet.
More influencers including Crypto Ahoy and Carl Talks Crypto have speculated that the Big Eyes crypto project may be connected to other rug pulls, including Firepin and Journart.
Why Did The Big Eyes Price Crash?
The Big Eyes team stated they had ‘liquidated the initial bots’ by selling some ‘funds’, which they would then add back into the liquidity.
That announcement followed other unusual decisions such as a requirement for traders to pay $100 to claim their tokens early, and an over six hour delay in launching.
Hundreds of comments were also left on the @BigEyesCoin Twitter page by holders unable to claim their tokens, receiving a ‘nonce too low’ transaction error.
There appears to have not been enough liquidity provided from the outset, and at press time the liquidity is just $60k, and the market cap of Big Eyes token is approximately $1 million.
View the latest Big Eyes price chart on dextools.io here.
CryptoNews recommends investing carefully in new crypto projects, and prioritizing those with a clear use case and roadmap.
We reviewed two high potential options on our previous Big Eyes token post.
Read the full article here
