Despite debuting on major exchanges, the price of Magic Newton Token NEWT fell sharply by 46%, dropping to 0.45 USD. It reached an initial trading high of 0.8337 USD before declining, reflecting investor skepticism.
Investors raised concerns about the token allocation method, alleging that it favored influencers and did not adequately reward early supporters, which has sparked a debate about the fairness of the distribution strategy.
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