$MM continues to rise. It has reached a 2.5M market cap.
Now let's see what this @mmdotgg is.
Normally, before a token hits the market there is a supply distribution: team share, community share, liquidity, etc. But that's not the case here. Almost the entire supply is locked in the token mechanism. When the price drops, the mechanism buys; when the price rises, it sells. It burns the token with the profits it earns.
The team thinks that $23 million levels are average. If volatility increases, the mechanism will smoothly push the coin up. The downside is that when volatility stops, the token will die.
For now it's rising nicely. @Lennart_up has done great work in previous projects. Let's see what he'll do here.
Be sure to do your own research. Don't make the mistake of directly buying a coin just because anyone, including me, shared it.
