According to market data from dexscreener, the prices of why

coinmarketcap : whyitonlygoesup (why) plunged 30% in the past 1 hour and now it’s on the way to recovery. luckily , the price plunge is recovering and reaching another high at the price of $0.00000003896.

here is a summary of the main news from the article.

1. the price of whyitonlygoesup (why) dropped significantly due to the launch of 1000whyusdt and 1000cheemsusdt perpetual contracts on binance.
2. the price drop occurred when significant amounts of funds were withdrawn from binance and transferred to the bsc chain.

3. a 200 million dollar fund added to the liquidity pools of cheemsusdt and whyusdt after the price drop.
4. the price of why plummeted to 0.00000002025 before its recovery. whyitonlygoesup (why) is a meme coin on bsc with $300 million liquidity locked.

5. users can buy and sell cheemsusdt and whyusdt by staking pependu.

6. the crash of why and cheems has caused users to incur losses of 120m usd and 63m usd, respectively.

7. degods, the nft collection with a floor price of 575k, withdrew 2,000 bnb from binance exchange and bought 50t cheems (30m usd) in the liquidity pool.

8. degods promise to buy peak, max and back again.

9. the meme project why may start to rebound soon, as the liquidity pool becomes more stable. 
10. degods’ return to the crypto scene may pave the way for the recovery of meme projects.



but, we can see the post-meme market is changing rapidly. some investors are taking this opportunity to accumulate cheems or why, which is making the market mature. 



source: odaily