What caused Yield Guild Games (YGG) to crash after the 600% surge?

The Yield Guild Games (YGG) token surged by 600% and hit a high of $0.9254 at 3:35 PM (GMT+3) but dipped immediately after. The token price has crashed to $0.36 in less than 24 hours and there are no signs of a recovery any time soon.

Timeline of Yield-guild-games

Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers charts before abruptly crashing. According to reports, a new Binance trading product and an ongoing community gaming event have played a pivotal role in the incredible price rally of the YGG token.

YGG's head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it's located in.

The sub-decentralized autonomous organization (subDAO) Yield Guild Games Southeast Asia (YGG SEA) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG) has announced that it has so far issued 10,000 scholarships in just six months since its launch. The majority of the scholarships have been issued between November 2021 and April this year. In The post YGG SEA Scholarships surpass 10,000 only six months after launch appeared first on Invezz.

Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization of Yield Guild Games, confirmed in a Tuesday press release its plans for an initial DEX Offering. The IDO of its native token $SEA on the Copper launchpad is scheduled for May 9 at 15:00 UTC. 75 million tokens According to the press release, The post Yield Guild Games confirms IDO: ‘just the beginning of what will unfold' appeared first on Invezz.