You probably heard of the big dump of Bunny because of some hackers, representing (unfortunately for all those people who were previously owning the coin) a big opportunity to buy, so I was asking myself is if the recovery plan they launched is going to put the price back to 200$ (more or less), especially with the token burn.
P.S. 1 What I've seen was a general panic sell, driven by the terror of seeing a massive deflationary movement caused by a malicious flash loan, but do you think that people will buy again or the project has definitely lost its credibility?
P.S. 2 Would be great to hear directly the opinion of some (ex or not) Bunny owners
This flash loan hack or whatever is getting out of hand, and hackers seems to be targeting most of these Defi or swap platform, which shows that, the team of these projects needs to sit up and secure their platforms. Nevertheless, asking about the price of Pancake Bunny, getting back to its original price of $200 is a tough one, reason is that, we don't know the seriousness of the team towards making sure the platform is secured against such attacks. Token burn is more like an old thing now, which most of the times hardly drives up price, also adding the fact that the market is not too good also makes it difficult.
In my own opinion, I would say, anyone who wishes to invest, should do so with extreme carefulness, and also invest what he can afford to lose, because if the team tries their best and it don't work, they might gradually abandon the project.
So in all ramifications, the token, getting back it's credibility depends on the team.
