Beefarm.finance went live a couple of days ago. They partnered with drip.community in anticipation of their launch and had a presale of their native token at $20.
I put some USDT into a staking pool and went to bed. Then next day it had already gone live overnight and moved from $20 up to $46. It continued to rise and peaked at $67. I moved my USDT into BEE, bought some extra and staked the native token again. I went to sleep expecting another move up.
Nope, it had crashed to $16.
I pulled out my BEE, moved it into USDT and put it back into coinswap to try and build some of my losses back.
Apparently it was expected, the native token didn’t have another use case and people were just pulling their earnings out of their high interest APY stake and liquidity pools.
Just another day in crypto, we win some we lose some.
