Recounting the loss of the bear market that crushed a lot of marriages, dreams, and businesses it is no other than the flood of shitcoins that swept the market in 2017.
After 3 long years, embarking on a clean slate, I can say, it’s “Shitcoin season” again. Mentioning few but popular among them are, Safemoon, Safestar, doge, and the bone of contention itself, FEG token.
Over the past few months, the discussion of a new crypto coin, called FEG Token, started to slowly sprinkle across the internet. FEG, which has a logo of a gorilla and is an acronym for “Feed Every Gorilla,” started to appear on message boards online, with a smattering of anonymous investors saying the coin was “the easiest opportunity for you to get rich,” and that everyone “should take a look at” this new crypto-currency.
At a glance, the current price of the token, one can easily say that feg token can buy one everlasting freedom from financial bondage. FEG Token price today is $0.00000002 with a 24-hour trading volume of $38,865,389. FEG price is down -2.253659677060424% in the last 24 hours. It has a circulating supply of 42 Quadrillion FEG coins and a max supply of 100 Quadrillion. (Coingecko)
According to the official Fegtoken site, FEG is a progressive deflationary Defi token that is built to succeed. These words seem promising, then from there, anonymous investors began to begin discussions on Twitter, campaigning the coin as the next big Crypto you can invest in.
Afterward, chats about FEG started popping up on Discord, Reddit forums, and countless accounts on Instagram. People were enticed to join a Telegram group, which soon grew from a few dozen random crypto insiders to around 40,000 wannabe investors, who seemed to be on the chat on a rolling-around-the-clock basis, constantly sharing gorilla memes and gorilla jokes and gorilla analysis on FEG Token and talking about how many they had all purchased, or planned to, and how the price was going to skyrocket.
It’s Shitcoins season and here is another good news about feg. After the pump and dump story, feg has again made up 100 percent for the past week. Cryptorank lists it as the No. 95 crypto-currencies with a total market cap of US$842 million. An African gorilla charity receives some of the proceeds of the token — but not much. The coin’s website says the token’s team will match the first $US750 in donations from the community every month.
The good news was that, on Saturday, May 8, according to Vanityfair, the token took off into the stratosphere as hundreds of thousands of random enticed investors started buying the coin. And after 3-days of mass purchase, the value of the Gorilla token made an exponential rise.
Every investor was happy seeing their coin making up to the top trends, then bad news surges up. Those anonymous investors who had touted the value of FEG for the past few weeks off-loaded about $120 million worth of profits. It was a huge mudslide on investors that have hoped this is their opportunity to get rich quick, buy hundreds of millions of dollars of this new coin, only to watch their fortunes vanish when the pumpers collectively “dump” their share, and make off with the money they have convinced those wannabe traders to invest in.
The future is bright for Feg as the Queen of England, Elizabeth II has revealed her support for the Gorrila coin. According to the official flag token Twitter handle, it reads, “I JUST GOT A CALL FROM THE QUEEN 👑 ‘I AM THE QUEEN OF ENGLAND AND I AM HOLDING FEG’ 🚀🦍😉🤪🤪$FEG #FEG @FEGtoken https://t.co/lfqg5Kw6Hi
See Tweet Below:
FEG Token can be purchased FEGex, Pancake, and Uniswap (v2).