BlockchainFX's BFX Token Crashes 99.92% After Presale Claims Open
- —BFX lost 99.92% against its advertised $0.05 launch price
- —The BFX/ETH pool opened with $18,800 in ETH despite over $15 million raised
- —By October 1, combined liquidity in the BFX/ETH pool had fallen to $519
- —Five-minute trading volume during the collapse was just $7,767
Why it matters: The case highlights presale risks: investors were unable to exit as pool liquidity evaporated.
Source: The Holy Coins