{"id":18137,"date":"2024-10-28T15:22:44","date_gmt":"2024-10-28T13:22:44","guid":{"rendered":"https:\/\/forklog.com\/en\/numogram-ai-token-plummets-95-after-developers-sell-off\/"},"modified":"2024-10-28T15:22:44","modified_gmt":"2024-10-28T13:22:44","slug":"numogram-ai-token-plummets-95-after-developers-sell-off","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/numogram-ai-token-plummets-95-after-developers-sell-off\/","title":{"rendered":"Numogram AI Token Plummets 95% After Developer&#8217;s Sell-Off"},"content":{"rendered":"<p>On October 27, the lead developer of the AI token Numogram (GNON), known by the pseudonym lumpenspace, <a href=\"https:\/\/gmgn.ai\/sol\/address\/v0Nh9x5i_F7SaBQm2GLrNCSo5kuiWaFQyVig5L2u3edMQiVnobFd\">sold<\/a> his holdings worth $400,000, causing a 95% drop in its value. Analysts at Lookonchain highlighted this event.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/search?q=%24GNON&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GNON<\/a> price has dropped over 95% from its peak! <\/p>\n<p>Trader <a href=\"https:\/\/twitter.com\/0xENAS?ref_src=twsrc%5Etfw\">@0xENAS<\/a> even admitted his investment failure in <a href=\"https:\/\/twitter.com\/search?q=%24GNON&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GNON<\/a>! <\/p>\n<p>The largest <a href=\"https:\/\/twitter.com\/search?q=%24GNON&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GNON<\/a> holder also capitulated, selling 20M <a href=\"https:\/\/twitter.com\/search?q=%24GNON&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GNON<\/a> for 1,184 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($209K) in a single transaction, which was worth over $3.3M at the peak!\u2026 <a href=\"https:\/\/t.co\/KcrlrKNtfw\">pic.twitter.com\/KcrlrKNtfw<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1850780391311085961?ref_src=twsrc%5Etfw\">October 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The sell-off followed a series of sales by major token holders. Notably, one whale swapped 20 million GNON for 1,184 SOL ($209,000) in a single transaction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"pl\" dir=\"ltr\">? UNUSUAL VOLUME DETECTED ?<\/p>\n<p>? numogram ( <a href=\"https:\/\/twitter.com\/search?q=%24GNON&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GNON<\/a> ) \u2014 SOLANA<\/p>\n<p>? Volume: 234K USD in 5 minutes, 22M USD in 24h<br \/>? Market Cap: 10M USD<br \/>? Contract: HeJUFDxfJSzYFUuHLxkMqCgytU31G6mjP4wKviwqpump<br \/>? Chart: <a href=\"https:\/\/t.co\/ufYqAgNd0P\">https:\/\/t.co\/ufYqAgNd0P<\/a><br \/>? DYOR <a href=\"https:\/\/t.co\/OdQwwtYnOJ\">pic.twitter.com\/OdQwwtYnOJ<\/a><\/p>\n<p>\u2014 VolumeGuru (@VolumeGuruBot) <a href=\"https:\/\/twitter.com\/VolumeGuruBot\/status\/1850655466268815757?ref_src=twsrc%5Etfw\">October 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At its launch on October 20, GNON&#8217;s price peaked at $0.17, but panic has since driven it down to $0.008. The liquidity of the GNON\/SOL pair has shrunk to $846,000, according to <a href=\"https:\/\/dexscreener.com\/solana\/hejufdxfjszyfuuhlxkmqcgytu31g6mjp4wkviwqpump\">DEXScreener<\/a>.<\/p>\n<p>The community speculates on various causes for the crash, ranging from a rug pull to developer concerns about price manipulation by holders.<\/p>\n<p>Currently, the X-account of lumpenspace is blocking users who message him, and all his previous tweets are hidden.<\/p>\n<p>Meanwhile, the main project account is promoting the presale of the AIPUMP token.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019ve long said that aimeme tokens are created by humans, not by AI itself. I warned about this risk early on but received only insults in return.<\/p>\n<p>AIPUMP will be the new narrative, where all tokens are automatically created by AI bots.<\/p>\n<p>There are 9 days left until the end of the\u2026<\/p>\n<p>\u2014 $GNON (@numogramai) <a href=\"https:\/\/twitter.com\/numogramai\/status\/1850854651303968942?ref_src=twsrc%5Etfw\">October 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/numogram\">CoinGecko<\/a>, GNON is currently trading at $0.007652.<\/p>\n<p>Previously, Andreesen Horrowitz backed the AI bot Truth Terminal, which led to a significant rise in the meme coin GOAT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 27, the lead developer of the AI token Numogram (GNON), known by the pseudonym lumpenspace, sold his holdings worth $400,000, causing a 95% drop in its value. Analysts at Lookonchain highlighted this event. The $GNON price has dropped over 95% from its peak! Trader @0xENAS even admitted his investment failure in $GNON! The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1227],"class_list":["post-18137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"48","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18137"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18136"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}