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This article was written for the BSC Times, a one stop shop for everything you need to stay updated in the BSC space. Check out my work here
The BSC market just can’t seem to catch a break right now, suffering from it’s bloodiest week to date. Big name projects like $CAKE ($40 -> $17) and $BANANA($11 -> $2) are trading at a fraction of their ATH with BNB itself down from a high of $677 to it’s current $320.
To be completely fair, this reversal of market fortunes is not localized to just the BSC, but can be seen happening to just about every other project in the crypto space. Even the biggest players like $BTC and $ETH were no exception, with $ETH falling briefly to $1900 from a high of $4000.
PancakeBunny
The focus today however, is what happened to PancakeBunny. In a devastating turn of events, millions of $BUNNY tokens each trading at $250 at the time were minted in a second and quickly dumped on the market. For context, there were only 500k $BUNNY tokens in circulation before this exploit. According to the charts at BOG, the price plummeted to a low of $2,
