ATOM spikes on Binance listing announcement and dumps upon trading

On Sunday 28th Apr, Binance announced that they will be listing ATOM and will open trading for ATOM/BNB, ATOM/BTC and ATOM/USDT trading pairs at 2019/04/29 4:00 AM (UTC).

The listing announcement sent ATOM price spiking over +46% to $5.06 USD before retracing as the trade opening of ATOM got closer. It is currently sitting at $3.92 USD since trading opened. Even so, that's a whopping 39x gains for ICO participants (ICO price = $0.10 USD).

Here's a quick look at how the crowd reaction switched from high price targets to "ATOM is rekt".

Also, interesting to note that the amount of ATOMs on Poloniex's sell order book has increased by another 300,000 ++ ATOMs. It also has a large sell wall (142 BTC) blocking out 74k sats.