
憨巴龙王|Oct 23, 2025 05:14
Nobody doesn’t know that FORM used to be BNX, right? One of the most skilled teams at market manipulation. When they’re dumping, they keep dumping; they won’t pump the price until they’ve collected all the tokens. But when they pump, they go all out.
It started with JEX, an options trading platform that got acquired by Binance. After that, the team rebranded to BNX. BNX ventured into blockchain gaming and pumped the price from $10 to $180. Then the blockchain gaming hype died down, and the price dropped back to around $10. Afterward, they pumped it again to $160, leveraging the hype of a new game to sell off their holdings. Later, it dropped to around $20, then got pumped to $120-$140, using the narrative of token splits to unload their bags.
Eventually, it crashed to $0.2-$0.3 and stayed flat for a long time. Then, during the BSC TST wave, it transformed into a meme launch platform and pumped all the way to $1.8, rebranding to FORM. On the day of the rebrand, the contract experienced extreme volatility, but this time the team didn’t sell off and kept pumping the price to $4. Then, using CDL’s new token launch as bait, they tricked people into staking their tokens, took the chance to dump their holdings, and the price plummeted from $4 to $1.2.
The team probably didn’t expect the BSC meme craze to hit, and people started buying FORM like crazy during that period. With all the hype stacking up, the price got pumped to $1.6. But the team had one thought: ‘I haven’t collected enough tokens yet,’ so they started dumping like mad.
Now it’s in this sorry state. The team clearly doesn’t have any tokens left, so no matter how much good news there is, they won’t pump the price.
This team is definitely one of the most skilled players in the crypto space. Maybe after another six months of shaking out weak hands and collecting tokens, they’ll start pumping again.
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