REEF Experiences Massive Crash After 650% Pump: Manipulation Or Market Dip?

REEF has seen a dramatic turn of events, with the token’s value plummeting by 68% in the last 13 hours and a staggering 71% within just 24 hours.

This sharp decline has left many questioning whether this is a case of insider profit-taking or simply a temporary market dip. Some speculate that major market manipulation could be at play.

The story began on August 2, when Binance announced the delisting of REEF spot pairs. Following this announcement, retail traders quickly moved to short the token, anticipating a price drop. However, large whales seemingly took the opposite approach, initiating a pump that saw REEF surge by an impressive 650% over the next three months.

REEF Pump And Dump