This is why the price is fluctuating so much!

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Aside from the entire crypto market being down, the reason why the price is fluctuating/going down is because of this whole pancakeswap mess. There is currently an arbitrage opportunity which bots are taking advantage of. This has resulted in net selling. Bots are able to buy at a lower price on V1 and then sell at a higher price on V2 after small price moves have occurred. So despite people buying into Safemoon the price is going down.

I imagine this will be fixed in the very near future, and is NOT specific to Safemoon, it’s been happening with many BSC cryptos.

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Posted: 3 years ago
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