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The Golden Inu (GOLDEN) token is the biggest rival of today’s top meme coins. Both the $DOGE and $SHIB have seen massive sell offs from crypto investors who redirected those funds to the $GOLDEN BEP-20 or ERC-20 tokens. The ceiling for 2023 of the new “Shiba iNu Killer” token appeared far more promising than its predecessors.
As some investors raked early profits upwards of 1500% thus far, those still holding took a scare recently. The token’s value plummeted for the first time this past week, due to massive sell offs. The reason for that selloff has now been explained by the developer — it’s not from crypto traders.
The Reason For Price Drop
Golden Inu has sold off its treasury to contract 7 professionals for the completion of their Play-To-Earn crypto game, Golden Inuverse.
On Twitter, the memecoin brand wrote, “the Golden Inu ($GOLDEN) token sell-off that was seen recently was mostly by us directly, not traders. As expected and stated in prior updates, we’ve expanded, and those funds are being used for that.”
“The hiring came at a bit of an unexpected time but for all the right reasons. We’re not abandoning ship. Golden Inu ($GOLDEN) is here to stay,” GIT tweeted in a second message..
The New Golden Inu Team
The new professionals added to the Golden Inuverse P2E game’s roster includes a 2D and 3D graphics/art designer, a Game development manager, a duo of web3/app developers, one blockchain developer, and lastly a new web developer.
The lineup of professionals listed, make it seem the Golden Inu (GOLDEN) tokens are going to go out with a bang in 2023’s end. The completion of a game, like what’s listed in their blog summary, could set the play-to-earn gaming community ablaze. That activity would also create a mega-surge in $GOLDEN tokens’ usage.
Though slated to release just before October, Golden Inuverse is still a constant chatter on various crypto gaming communities. The beta version released in early September as promised, giving gamers & crypto traders a reason to believe in the Golden Inu token’s future.
However, the missed deadline for the ‘stable version’ of the game let some of the brand’s followers down — stalling out the growth of the $GOLDEN token’s value thus far in October.
The update by Golden Inu should spark a new momentum for the coin, as the token’s founder is being transparent about the cryptocurrency’s financial expenditures & internal activities.
