Fuel Network Price Prediction: FUEL Plummets 25% As 1 Billion Token Airdrop Begins, While Traders Rush To Buy This $23M ICO With Only Hours Left
The Fuel Network price has plummeted 25% in the last 24 hours to trade at $0.05266 as of 7:10 a.m. EST on a 415% pump in trading volume to $38 million. This price drop comes despite Fuel’s announcement of a token airdrop starting Dec. 19 in which 10% of the total supply will be distributed to over 200,000 wallets. The allocation includes 28% for phase-1 pre-depositors, 20% for Fuel bridge users, and 12.5% for NFT collectors, with claims open for one month. FUEL NETWORK LAUNCHES NATIVE TOKEN, OPENS AIRDROP CLAIM, STAKING, AND DELEGATION FOR USERS – @Fuel_network, the high-performance Ethereum L2, has made a significant move in its development after launching its native $FUEL token to the public today. – The protocol also… https://t.co/4m8P3h0u9S pic.twitter.com/AgGr5egm3Y — BSCN (@BSCNews) December 19, 2024 Fuel is facing bearish sentiment due to scam allegations involving discounted sales, and reliance on escrow-only transactions that highlight tr...