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Showing posts with the label bearish trend

Scroll Price Prediction: SCR Slumps 17% As This PEPE 2.0 Presale Goes Ballistic

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The Scroll price has plummeted 17% in the last 24 hours to trade at $1.04 as of 7:12 a.m. EST on a 76% surge in trading volume to $358 million. The price drop followed Scroll’s announcement on X of its first airdrop and the SCR token’s listing on exchanges today, including Binance, Bybit, Bitget, and KuCoin. The wait is finally over. Today, we're excited to introduce Scroll's First Airdrop 🪂 This airdrop is a celebration of the collective efforts and contributions that have driven Scroll’s success so far. Read the full announcement to dive into the details! 🔗:… pic.twitter.com/xGD6x8zWDD — Scroll (@Scroll_ZKP) October 21, 2024 As Anon Vee highlighted on X, the Scroll community is increasingly dissatisfied with the project’s token allocation strategy. Many users feel the SCR token distribution is unfair, particularly criticizing the team for allocating 23% of the tokens to themselves. Scroll team is so greedy! After alloca...