from here, sellers can push BNBCAT lower if buyers stop absorbing sales in its main PancakeSwap V2 pool, which holds about $236k of two-sided liquidity. buyers pushed implied FDV 56.4x to $8.02m in 30h48m with $314k in the pool at the high, then sellers cut it 49% to $4.09m. after the high, Ourbit, KCEX, MEXC and LBank opened trading in BNBCAT, and neither Binance nor CZ has committed to support it.
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