⚡ Short Answer on the $7551 BIFI Pump
The $7,551 price was a short-lived "flash pump" or "wick" and is technically true, but it is NOT the current price.
What it was: An extreme price spike that lasted only minutes, likely due to a sudden surge of buying volume in a token with extremely low supply (Beefy Finance - $BIFI has only 80,000 tokens).
Current Price: The current, sustained trading price for $BIFI is much lower (e.g., in the $260 - $330 range as of now).
The Takeaway: This event highlights extreme volatility and risk. Do not invest based on short-lived spikes.
📝 Shortened, Accretive Post Questions
To make your post short and informative, focus on these two points:
The Volatility: Did you know that BIFI hit $7,551, but the price isn't sustainable? What specific trading mechanics allow a low-supply token to wick that high?
The Risk: If $BIFI
can spike $7k in minutes, how dangerous are leveraged trades and market orders during these flash pumps?