Islamic Coin Drops By 100% On BNBChain, Is it a Rugpull, Or A Massive Dump?

Within 24 hours of the debut of its liquidity pool on BNBChain’s DEX, the religious cryptocurrency Islamic Coin experienced a -100% drop in value.
Islamic Coin Drops By 100% On BNBChain, Is it a Rugpull, Or A Massive Dump

Islamic Coin, a cryptocurrency designed specifically for Muslims, has fallen by 100% on BNBChain as a result of its liquidity pool (Islamic/WBNB) on PanCakeSwap being completely depleted. One address has traded one quadrillion Islamic coins for 724.4 BNB, or about $150k, according to a post on PeckShield.

It is important to keep in mind that the liquidity pool Islamic/WBNB was launched less than 24 hours ago with an initial liquidity of 90 BNB and 900M Islamic coins. Since then, the rate for Islamic has moved quickly, rising from $0.00002 to $0.0014 before dropping by 100%.

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Islamic/WBNB LP – Dextool

According to the project’s website, Islamic Coin is trying to get more than 1.8 billion Muslims involved in digital money. It serves as the base unit of exchange for the Proof-of-Stake blockchain network HAQQ.

Islamic Coin has not made any formal statements about the situation or the BNBChain liquidity pool.

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