Binance Smart Chain
Days in Operation:
MetalSwap is the first-ever decentralized metal exchange on BNB smart chain.
According to the developers, as they were trying to correct the smart contracts, some large whales detected the change and sold their position leading to 'dramatic' decline in the value of $Metal and decrease overall $Metal liquidity.
The developers further claimed that 'we do not have enough funds to support the further development of MetalSwap and maintain our community'. Accordingly, MetalSwap ownership will be transferred back to the community as a DAO.
From our analysis, we believe this to be another rug pull.
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