Bitcoin Forum

Apparently the "famous" recovery plan didn't work as expected, the price never recovered from the attack and is stable at around 4-6 dollars and the market cap reached the pre-bull run level.


I'm still not giving up with this coin, if a new bull run occurs, then it should experience a price rise given by the new investors (so a hypothetical turnover) that could substitute the old ones that suffered the massive loss.


What do you think about this idea?....looks acceptable?

In my opinion, they will never rise again. You know, there are different trends in the crypto space. Now, in this trend, Pancake Bunny-type projects are rising. If it didn't rise after the recovery plan. I guess it will never attract new investors again.

what's really more special about the bunny? what makes it different from CAKE?
As a beginner, I'm sure I'll be more interested in CAKE than a bunny. it is related to existing platforms and offerings. and I guess pancakes are of course better.
in terms of price, you have your own analysis. but the downtrend will likely bring the bunny deeper. because even though the market looks in improvement. but there really isn't a pretty good gain in bitcoin. still very range for altcoins to correct again.

It’s a real shitcoin, this is what happens with scammy alts. You need to do much more research & only invest in somewhat reputable coins/tokens. Something called Pancake Bunny is always going to end up one way.

I understand your idea of holding to the coin but if the second bull run comes do you think this coin is going to go as hard as others? I doubt it as there's always a feature that spring with a bull run old ideas have not really come back. Just keep that in mind.

Your choice since its your money to be spent or invest on such project.Im not really aware of this project though but this is just the same on most projects where they do really dump out and there would be always
a 50-50 chance in talking about recovery because this is something that cant really be predicted or known on because there are projects which does have potential but eventually didnt able to pull off on having
some recovery after such dump or price decrease.You cant really say its dying as long its still listed but once liquidity drops down then its safe to presume.

Not every coin that comes from hack recovers and even if there's a bull run. I've seen those altcoins that despite the bull run, well, this run is better than the others, still they didn't managed to get up after they've been dumped hardly.
That's why that's the possibility that you should think of and as usual, if it recovers, I think that you should be planning of selling it and even without a margin so that you at least recover.

Ok I have to make some clarification (my bad, should have given more info).

First, I DO NOT own the coin, I was only looking for a buying opportunity.

Second, (specially dedicated to the guy who assumed that the coin capitalizing almost 300 million dollars is "scammy" just because its name is "BUNNY"), the price dropped because of a flash loan attack, many many coins flowing into the market, causing a massive and sudden price drop and then an understandable panic-sell that definitely killed the coin.


By the way, thanks for all the answers, I really appreciate that, I will try to wait and understand if it's really worth it.

People were feeling worry to put their money on the pancake bunny after the attack. It was giving a very big impact to the reputation of pancake bunny. I personally will never comeback to the platform that ever got hacked. that's like putting my money into the whole that can make it disappear anytime.
There are bunch of defi platforms that can keep their platforms more secure than it and why do we need to put our money into the risk by putting it into the platforms that's got hacked in the past?
TBH that's a bad idea to keep yourself being stuck on this coin. For me it's not acceptable. I would prefer to move this to the another coin that has better potential than this coin. There's no future for the pancake bunny.
The whales can pump this but the time should be random. You're betting on the pump that may happen anytime.

Sorry but just taking a look at the title name and thinking something called pancake bunny could be something sustainable is rediculius.  Kinda made me laugh just reading the subject.  When does this nonsense end with stupid names.

People are moving away from Pancake bunny and has the fear of getting exploited from flash loan attack. This is a very sad news to hear from a Defi. Hope other Defi sites like Pancakeswap will do something to prevent this. This method is even posted in Youtube accounts teaching people how to exploit and get advantage from DEFI exchanges.

The competition in their kinds of the platform is tight and hard to get to the top especially if they just developed something that already exists in some project that is already common to the investors. They wouldn't waste any moment trying new products since they already have tried their best and are more secure. Nevertheless, the recovery process could take long but I think right now they need to consider closing this one and go for another trending project.

Opportunities don't come a second time, if the first one fails then investors will leave it and won't believe in  pancake bunny anymore. I wonder why you are still holding on to an investment in something that was hacked as the transition progressed.

Its ATH is $553, you just can see how volatile crypto is when you have been holding a shitcoin. It does happen all the time when the market shifts from bull to bear. The drop is more than 90%, that's a terrible way of impressing investors to buy your token.

The number of exchanges adding the token and its volume is good too, give it time and you can make a profit from it when the team pumps their own coin.

What? are you seriously saying this? or are you stupidly making fool people here?


this is clearly what you mentioned.
you are not holding any of this coin yet you are not giving up? that is a purely delivered contradicting lol.

what i think? you are only promoting this shitcoin but this wont help growing because shitcoin has no place to stay long .

I tried looking at the BUNNY token on Coinmarketcap, I think it's pretty good at $4-$5 USD. But after I looked at the complete chart, the highest price of the BUNNY token was $553 USD. The current price is -99%. How sad people who buy at the highest price. It will be very difficult for BUNNY to return to its highest price, even though the token supply is small, but it requires 100x the price increase.

It's not like "Pancake" sounds too legit & impressive either, lol. It's all about how the coin actually changes or comes up with new stuff in the crypto ecosystem, and apparently even shitty-sounding coins can come up with something quite great..

Pancake Bunny is not dying, she is already dead. No flow in, just wait to die. The hyped capital has left, and the next bull market must find new hot spots, not old things.

There are no flashloan attacks on NEAR protocol and Cardano, maybe try using Ref Finance or another DApp. The issue even before the hack for Bunny is that they had a cute logo but never explained clearly to the crypto community what their project actually does.

Judging by how much price dropped after the attack, i dont see how people will trust their exchange again. Afterall, its just one of many copies of Pancakeswap and has numerous alternatives for users to visit. I think after Binance regulation problems in the last few weeks, we might see a new blockchain gaining popularity, so anyone who will offer exchange there first, will be this bull run winner.

Sponsors will abandon the project if that one collapses, or they will no longer trust with in pancake bunnies. I'm curious of how you're now clutching on to a stake in anything that is stolen whilst transfer unfolded.

Do you know what I think, instead, Mr.Sherlock?...that "investigations" are clearly not your best skill.

1)"NOT GIVING UP" means simply that, since the attack, I added the coin to my watchlist, because I was looking for a buying opportunity, and I'm still following it hoping for a rise that, at this point, I don't think it will ever happen (that's why I'm asking for some opinions).

2)Yeah, "[COIN] is dying" is a great promotional title for a "shitcoin promoter".

3)Neither a one-point IQ person would ever think that a post on a forum could cause a pump, so it would be kind of useless to try to "promote" it here.


By the way, thank you anyway for your time, at this point I will forget this coin and I'll try to search for something else.

Trading volume is still huge if you really believe in this project then give him more time, but always ready to sell and cut your losses,

There is a warning sign already in Coingecko a warning is not good on any project so always pick the best option, wait for more update or cut your losses.
 

Well it is your call at this point what you want to do with your money if you want to leave it in the project. I am not familiar that much with the said coin and I heard it from some others in the crypto circle being discussed but that's about it. If the project is still active and they have many other plans for the next months and years then it is best to keep your investment there, sometimes loyalty do pays off. One example is the DOGE thingy were loyal supporters were able to earn big time.

It has been seen a lot of times that some projects which took the name of another or add the name of another to theirs hardly last long term, either they exit scam or suffers one issue or the other. Pancake Bunny can be said to mimic the real Pancakeswap and of course a lot of people will always pay more interest in CAKE than this one, and moreover CAKE seems to be leading when it comes DEX and staking on BSC network.
So in other words, Pancake Bunny faced an issue and a recovery plan was set in place, but that couldn't work also, and that alone is capable of making investors lose interest in any future plans the team have.
My suggestion is, start looking for a way to move on, pay attention on other good tokens such that, if they (Pancake Bunny) later turns out good, you will benefit, if they didn't you will move on.

What did people expect exactly? I mean it was definitely something that would die because it was a useless, worthless, cash grab meme token that only made money to the creators of the project, there was really nothing that we could earn from it or see any changes. Long story short it is happening now but if it didn't then it would happen later on. You will see that doge and shiba will crash as well, both of them will worth nearly nothing, nobody will keep a coin in their wallet that does literally nothing when they can get a coin that they can use.

I understand all the other new stuff like ada (not new but new to 3rd rank) or dot or polygon or dot, they are not brand new but brand new to their places and I have to say they deserve it because they are at least good enough to be used somewhere for some reason and has a logic. These meme ones had absolutely nothing at all.

I am very interested in pancakes. I think pancek is more optimal than bunny. In terms of the price of pancakes even more accurate. I often use pancakes, in every transaction there are almost no problems. Can someone explain about bunny, I don't understand about bunny, because I rarely use it.

what famous recovery plan and what attack ?did the coin get hacked ? you need to tell us more because some of us arent aware if what happens to this coin .
there is a bearish run happening right now on most of the coins so you could be right that the coin might recover once the bull runs return  .
 dont just give up yet . im also doing the same anyway on my coins , i have no choice but to hold them because i get caught by the dip when im about to sell them .

If the project is dying, maybe that project can not continue to compete with the other projects and it is only waiting for people to abandon and leave the project. But if the dev and the team can still work hard to make sure the project will still be alive, the price can slowly increase and maybe it will make another ATH in the future. It is hard to know if that project can continue to exist in the crypto market or not because that will depend on how traders or investors still support the project. Maybe you can leave the project for a while to search for the other projects.

I don't know if the price will really increase if there is bull run. We actually don't know what will happen next as we are in volatile investment. If BNB, Ethereum and Bitcoin experience to decline. So some alts will experience to decline too. Although what was happen to Bunny is different because of the attacked, I do think in the future it will recover.

I think what is happening to the price of bunny now is a natural thing when the price of bitcoin and other altcoins is decreasing, now bunny just needs a little time to recover as the market conditions improve right now the bunny developers are doing an in-depth analysis of what happened to them, so I think when all this is fixed we'll see bunny get better and move up

Maybe if the developer sells their supply to almost 50%, they do not have confidence with what they did before so they sell it fast at a high price before the price is dump hard. If that happens, we need to be careful because they can leave the project anytime without any further information why they will do that. It is a bit not fair if they do that while their investors trust them and their project but they disappoint their investors. But that is what happens to the crypto and I think that happens in real life too, so invest what you can afford to lose so you do not have to disappoint too deep.

I think bunny is just imitating cake so nothing too special about bunny, unless they offer something different. but if the next bull occurs the majority of all coins will go up, so this is a good opportunity to return the loss.

That is right and fortunately, we have so many altcoins, tokens and other new projects that we can use to invest in each of them. We do not have to back to their project for a while just to see if the dev is still serious with their project. While we wait for their update, we can search for the other project and make a profit again. When the price can reach so high to $100 or more but in the next downtrend, the price jumps down to the lowest price of $1, that does not make sense.

the offerings on bunny are almost the same as pancakes. Reportedly there is a problem that makes the price of the bunny drop. even the pump bunny rally did not experience anything better.
I think $10 is the target to be achieved in their future market improvement. this can happen if developers do interesting events for their holders. this could increase the adoption of bunny in the market.

I think the losses generated with new coins are very difficult to recover, except with the presence of new investors who are ready to accommodate large amounts of coins. We must be able to make an analysis before investing in new coins. I often experience losses due to sudden pumps. We were in a rush when we bought it, so we forgot that the dump would be happening in no time.

I still think it has something to offer, its not dead yet. Considering the team is quite active and honest about the situation, that is a plus for me. At least they are making efforts for the token to survive

If you look at the team that is active in the telegram group. Probably most new projects will do the same. However, we can see the market cap of the token continues to decline.
If you look at the trading chart, the token is not showing any better direction. How is it possible that a token will progress better if the previous ATH of $553 changes to its current value of $4.

what do you say if we look at its presence, at this time the price is still better. If you look at the graph, it's clear that bitcoin has corrected which has had an impact on it, but the impact is too big so it looks like it's going down drastically, but when it goes up it's the same as when it goes down, so it's still natural. hopefully they try to improve again and there is still time before investors will leave.

yes if you look at ATH $ 512.75 - Apr 27, 2021 there has been a decline of almost -93% and this is certainly very worrying in terms of decline, but if we look from the time they appear and continue to increase, it took them only 5 months to reach ATH and this is certainly very special but unfortunately since bitcoin experienced a correction, they couldn't maintain it well and instead followed the movement of bitcoin so there was a significant decline.

but there is always time and opportunity for them to improve in various ways, at least they can maintain at the current price as strong as possible and wait when bitcoin increases to also move up again. time will tell and see if they can move for the better, remember the current price is still better than the first price.

Pancake bunny was in a very difficult position. Once a project has ever faced a thing that destroy its reputation and it will difficult to get it back again. There are some platforms were getting the same thing like XVG and it's dying forever.


Team needs to put more effort to create something big again to bring back the investors. So many investors have been loosing a lot. this may make them all will never try to come back again to the platform. There must be a big plan to gain the trust from the investors again. Doing rebrand can also become a solution but the dev must think something new to be implemented.