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gZil dropped down to 0.7$ from 8$ in the past 10 minutes

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by COINS NEWS 97 Views

The governance token for Zilliqa which reached the ATH of 657.90$ last year (based on CoinGecko) just had a flash crash (https://www.coingecko.com/en/coins/governance-zil) and I'm really wondering if there was any hack going on, an LP exploit, or simply investors losing faith?

I haven't seen anything about it, subreddit is quite inactive, and am not going to lie, even though I have invested in ZIL and while it seemed an interesting project, it seems like a dead end, basically nothing impressive or actually impactful happens in the ecosystem, ever since the only thing that was bringing utility (Ignite or something) which was supposed to let you stake gzil, which I never been able to due to site not working properly for me at least, at least 2 CEOs stepped down in the past year.

What do you guys think?

submitted by /u/LeThaLxdARk
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