This is the exact opposite of what you'd typically expect from a real long-term project and might indicate someone dumping early on the other exchanges to beat the crowd. For starters, prices took an immense nosedive after CZ pointed out the extraordinarily skewed distribution and announced Binance trading. Assuming that's the case, QKC might never again reach its current prices. If that's the case, it means QKC prices will take a sharp dive after Binance trading begins and other than a few quick ups and downs, it will be plummeting. With the vast majority of the entire circulating supply migrating to Binance ahead of its listing, many are speculating that it's the latter. And bad projects attract pump and dumps, where all the ICO participants buy low, drum up some hype and then dump their coins as soon as possible after it hits the open market.

The theory goes that good projects attract more dedicated hodlers who expect the coin to be worth much more in the long run than right after the ICO. expect high volatility, ie, swings in BOTH ways. most of the usable circulating supply is already on Binance. the crowd is powerful given the transparent nature of blockchain. QKC token distribution, created by a community member. expect high volatility, ie, swings in BOTH ways,' Binance CEO Changpeng 'CZ' Zhao said on Twitter, in the context of a breakdown of the token supply. And two thirds of the entire circulating token supply is currently found on one exchange.

In other words, 99% of the total coin supply is held in just four wallets, including Binance's. Of that 3.61% of the total supply in circulation, the vast majority (2.4%) is on Binance. Please exercise caution when trading in the QKC trading pairs,' the Binance announcement reads (bold theirs). 'There is currently only 3.61% of the total supply of QKC tokens in circulation at the time of listing. Don't miss out! Follow Crypto Finder Follow Crypto Finder on Twitter Follow Crypto Finder on YouTube Follow Crypto Finder on Facebook Follow Crypto Finder on Telegram Follow Crypto Finder on Twitch

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