Currency HIGH Plummets 60 in 4 Days Highstreet Accused of Harvesting Investors Team Defends Themselves in Statement

Currency HIGH Plummets 60 in 4 Days Highstreet Accused of Harvesting Investors Team Defends Themselves in Statement

Currency HIGH Plummets 60 in 4 Days Highstreet Accused of Harvesting Investors Team Defends Themselves in Statement

Recently, the token HIGH issued by the Metaverse project Highstreet has experienced abnormal price fluctuations. The token has been rising steadily by over 350% since mid-April, but began to be heavily sold off starting from June 8th. The token price plummeted from $8.8 to $3. Many in the community suspect that this situation is caused by the team artificially inflating the price and then selling off to profit from retail investors.

In response to this, members of the Highstreet team posted on their TG channel, stating that the recent price fluctuations were due to malicious selling by a certain entity. After investigating the price trend of Highstreet, the team discovered that a certain entity had withdrawn 20 million tokens, which were worth approximately $176 million at the pre-sell-off price, with 9 million tokens directly from a Korean exchange.

Despite Highstreet’s proactive response and the digestion of the initial 8 million tokens sold off, they were ultimately unable to withstand the massive sell pressure. The team stated that the entity initially purchased tokens from Bithumb and laundered them through the BSC bridge. The team only recently discovered the identity of the counterpart and urged all traders to be cautious and vigilant. Please closely monitor the activities of the following wallet addresses:
https://bscscan.com/address/0xb84970bfefc3f3babcb58e2d3981b1c8e3450ceb#tokentxns
https://bscscan.com/address/0x10ae0151796151990e8da442d52be582502d56d6#tokentxns

As of now, the above addresses are still continuously sending HIGH tokens to the Binance exchange.