Founder Plans to Launch New Token Leading to BNKR Crash, Market Cap Plunges Approximately 18% in a Single Day to $25 million

August 13th, according to HTX market data, the Base ecosystem token BNKR plummeted over 18% in a single day, with a market cap dropping to $25 million.

On the news front, Bankr's founder deployer announced today that the protocol issuance platform Pools.fun will release an official governance token. 30% of all protocol fees will be used for buyback and burn. Additionally, they plan to conduct an airdrop, establish a point system where users' trading volume and the volume generated by deploying tokens on their platform will be taken into account. Pools.fun is a joint launch by Bankr and Sushi to compete against Robinhood, a chain-agnostic token issuance platform under Uniswap's pools.trade.