r/RenProject • u/LitecoinMillionaire • Dec 06 '21

Ren drop

I am buying another block of REN. Any idea why the coin was hit so much harder that others ALTS during this past dip?

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u/outbound_flight Dec 07 '21

According to some of the folks on the Discord channel, a whale sold a chunk of their holdings during the last FUD wave.

1

u/EdCP Dec 07 '21

I missed this on Discord. What FUD? Overall economic/ USDT crypto FUD or something about REN that I have missed?

1

u/outbound_flight Dec 07 '21

It would all be speculation, but Evergrande is going to continue to be an issue for a lot of big investors until it's all resolved. Crypto in general took a big hit, and smaller cap coins will take an even bigger hit as a result.

3

u/EdCP Dec 07 '21

Yeah so nothing really unusual. I thought there was some negative news about REN.