The price of IG Token (IG) suffered in the past day, losing more than half its value in Bitcoin terms, from 8 to around 3 Satoshi. The token, which is extremely low-priced, also slid in dollar terms, from $0.0005 to $0.0001 and even below that.
The immediate reason, as explained by the team on social media, was a rogue team member who sold a big holding of IG, and additionally spread a negative message about the project. The IG team tweeted:
https://twitter.com/IGToken_net/status/1038628650986262529
IG Token is a newly traded ICO asset, having launched on the markets this August 12. The token is still in a price discovery stage, and has shown significant volatility. Still, even the sub-penny asset marked significant losses.
More than 93% of IG trading happens on Hotbit, where the price slid to $0.000158. On IDEX,...
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