Hive AI Token BUZZ Plunges Following Founder’s Departure

The price of Hive AI’s native token, BUZZ, has experienced a dramatic decline in the past two hours, dropping its market value to around $5.63 million. This significant drop reflects investor panic stemming from changes in project leadership. Just days ago, founder Jason Hedman announced his plan to transfer ownership of the project to X user @prismoonprismo, who currently boasts a modest 3,014 followers on the platform. Although Hedman expressed optimism about the future under new leadership, the sudden shift has triggered a loss of investor confidence, causing BUZZ’s market value to plummet by over 56.7%. The token is currently listed on popular exchanges such as Bitget, MEXC and Gateio, but was also added to Binance Alpha in January. While these tokens are not directly traded on Binance’s spot market, they can be bought and sold through decentralized exchanges within the platform’s new application.