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Why Did This Sub-$10 Million Crypto Pop 35% in a Red Market?

There’s good news…And then there’s great news!

Scott Debevic
6 min readApr 25, 2023
Image by the author using dall-e

Imagine your significant other comes home from work one day and says, “Honey, we’re going out to dinner! I just got a surprise $1000 bonus!” You’d probably be excited and congratulate your partner on the good news. Now, imagine your significant other came home and said, “Honey, renew your passport. I just won a raffle, and we’re going on an all-expense paid trip to Paris!” You’d be even more delighted than the $1000 bonus news. Finally, imagine your significant other comes home and says, “Honey, pack the house. I just learned I inherited a mansion from an unknown distant great uncle who recently passed.” This kind of news could get every nerve in your body dancing.

The news Houdiniswap investors heard yesterday is closer to the third scenario described above. And, in response to the great news, the price of the $POOF token did this:

Image from Coingecko

If you aren’t familiar with Houdiniswap, I’ll refer you to the following post, https://thedefichronicle.com/why-im-loading-up-on-this-1-crypto-for-0-12/, where I describe the platform, its native token, and why I’ve…

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Scott Debevic
Scott Debevic

Written by Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com

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