What Caused Saitama Inu Coin Price To Crash?

Saitama traded 11.8% lower over the past 24 hours and declined 32.7% over a 7-day trailing period. SAITAMA fell 5.86% and 5.94% against Bitcoin and Ethereum, respectively. Saitama, whose name is drawn from a legendary ghost dog said to roam in the mountains of Saitama, Japan, has outshone Dogecoin’s year-to-date gains in the last 90 days. SAITAMA rose 6,003.43% over the last 90 days, while DOGE gained 3,802.18% so far in 2021. On Thursday, SAITAMA fell sharply in intraday trading to 119.8% below its price. The decline in SAITAMA came after a likely erroneous CoinMarketCap warning that Willie D, a Saitama partner, had been sentenced in a wire fraud scam. Saitama’s official Twitter ($TWTR@US) handle noted the native-ad-related placement of the warning on CoinMarketCap and asked the community known as “WolfPack” to stay calm.