Foremost takeaways:
- BEN coin has been pumping 100% since Might 18th.
- RSI divergence can scale back Ben’s revenue
- BitBoy Crypto confirms the settlement to purchase the coin.
Learn CoinChapter.com on 
google information
YEREVAN (CoinChapter.com) – BEN, the brand new meme coin-craze token, jumped 100% for the reason that Might 18 turmoil, when crypto influencer and coin backer Ben Armstrong apparently dumped the coin, inflicting a sell-off however denied the rumors and pumped the meme coin additional , triggering a rally.
Consequently, the BEN coin modified palms at $0.0000001171 on Might 23.
The rally peaked at $0.0000001557 in Asia-Pacific hours however misplaced momentum, dropping the coin 26% in two hours. Furthermore, the relative energy index (RSI) chart hints at extra losses sooner or later.
Intimately, whereas the worth motion hit larger lows over the earlier two days, the RSI is printing decrease lows. Deviations from that value motion might imply additional corrections for BEN.
In the meantime, the rationale behind the pump is noteworthy.
BitBoy confirms the deal to purchase BEN
Ben coin supporter and now official proprietor Ben Armstrong tweeted on Might 23 that he’s finalizing a take care of coin maker ben.eth, and shopping for the challenge.
Her followers disapproved of the information unanimously, with feedback starting from “we’re so fortunate to have you ever” to “you have been impolite to us three days in the past”.
In brief, on Might seventeenth, rumors began circulating that the deal to purchase meme cash was cancelled, and Armstrong was promoting his tokens, that means he was finishing up a easy ‘pump-and-dump’ scheme on BEN traders.
Nevertheless, BitBoy denied the information, dismissing it as gossip. “Any rumors that the deal was cancelled are FALSE,” mentioned the influencer, citing his earlier rationalization of the scenario. In line with Armstrong, the deal concerned 1,000 ETH and 1 / 4 million {dollars} paid out in a six-month plan.
He later mentioned that he would haven’t any management over the cash talked about and that eradicating his pockets was “obligatory”. “I might broadcast it, however I did not. I do not need to make waves, however right here we’re,” Armstrong added.
Additionally learn: Are BEN and PSYOP crypto memes a rip-off?
Publish BEN Value Jumped 100% when BitBoy Confirmed “Deal” first appeared on CoinChapter.