This is probably the first altcoin to experience a wild price swing after Binance announced a crackdown on malicious manipulation of futures contracts, right?
Many traders who bought Binance futures shells are probably waiting to see how $FOLKS fares, observing the extent of the regulatory oversight.
A 10x surge overnight might be excessive, but what about a 3x rise followed by a 50% drop in a day? No volatility gets you criticized, and high volatility gets you criticized too. Do you really think being a referee is easy? 🤣