The ongoing conflict between Ape Terminal, SatoshiVM and Mac has led to a sharp drop in SAVM token prices

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Cointime2024/01/25 02:37

By:Cointime

Spot On Chain posted on X platform that the ongoing conflict between Ape Terminal, SatoshiVM, and Mac has caused a 32% drop in the SAVM token. According to on-chain data: SAVM Insight wallet has no activity, and the outflow of "smart traders" has increased to 382,000 SAVM.CoinGecko data shows that the SAVM price of Bitcoin Layer2 project SatoshiVM is now at $7.58, with a 24-hour decline of 29.4%.Earlier, KOL Mac stated on X platform: "Launchpad project Ape Terminal has been fraudulent in all its ID0 releases. All winners are Ape Terminal team members. In addition, they also charged a 25% fee. Ape Terminal returned all SAVM tokens to the SatoshiVM team, but made millions of dollars by selling the winning wallets." Ape Terminal responded: "SatoshiVM was founded by KOL Mac, who owns a large amount of unlocked SAVM and made a profit of $10 million in one day."

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