WolvesDAO’s WOOF token struggles after launch

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WolvesDAO’s gaming and AI token WOOF launched on Avalanche on Friday — and quickly crashed in price. 

It went live around 10 am ET. Within two hours, it went from $0.041 to $0.009, according to its chart on GeckoTerminal.  

That’s a 78% price dump in 120 minutes. Some on Crypto Twitter have accused “insiders and organizers” of selling early and contributing to the quick price plunge. 

Others, like investor and gaming influencer Jonah Blake, have decided to buy the token well after the fact because they like the team (and admittedly don’t care if they lose that money). Looking at…

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