Founder Plans to Launch New Token Leading to BNKR Crash, Market Cap Plunges Approximately 18% in a Single Day to $25 million

BlockBeats News, August 13th, according to HTX market data, the Base ecosystem token BNKR plummeted by about 18% in a single day, with a market capitalization dropping to $25 million.

On the news front, Bankr's founder, known as the deployer, announced today that the token launch platform Pools.fun will release an official protocol token. 30% of all protocol fees will be used for buyback and burn. Additionally, there are plans for an airdrop, the establishment of a point system, and a consideration of users' trading volume as well as the trading volume generated by deploying tokens on the platform. Pools.fun is a platform launched jointly by Bankr and Sushi to compete against pools.trade, Robinhood's chain-agnostic token issuance platform under Uniswap.