The developers of the new coin BSD on Base have removed a large amount of liquidity, causing the token's market capitalization to fall by 99% from a peak of 50 million USD.

BlockBeats news, on August 13, according to GMGN market data, the new coin BSD on the Base chain went live at 4 AM this morning. Subsequently, the market expected that this token was the cold start token of Block Street (@BlockStHQ), leading to a continuous rise in market capitalization, peaking above 50 million USD. Later, half an hour ago, the BSD developers removed a large amount of liquidity, causing a big dump in the coin price. As of the time of publication, the market capitalization of BSD has fallen to 260,000 USD.

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