According to Foresight News, Bondex revealed in a post that on the day of the BDXN token's launch, a sniper from PancakeSwap used custom smart contracts and validator bribery vulnerabilities to manipulate prices. This person is a well-known malicious attacker who has targeted recently launched projects such as ASRR and MYX. In the BDXN case, the sniper spent over $300000 to buy in advance, $134000 to manipulate block time, raise the initial price, and artificially create selling pressure when listed on the centralized exchange (CEX). In addition, a centralized exchange went online earlier than planned, combined with Sniper's actions, causing FDV to artificially soar to nearly $2 billion. With the launch of other CEX and token tracking websites, snipers and artificial FDVs have triggered cross platform chain selling. In fact, BDXN has been consolidating between $0.065 and $0.07, which is within the expected range of the team's token launch.
