Yep, I believe so anyone holding on to that is in for a rude awakening. It's kind of a punch to the face to meme coins which I honestly welcome gives people a reality check things were getting out of hand. Honestly so many trash coins launching simply to make a quick buck. It's damaging to all of crypto when that starts to happen. Also goes to show you the crap that goes on behind that most don't know about. Imagine investing in that or other tokens without knowing about premines etc. Shocking wake up call the market needed? I think so.
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