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AMPL Completes 75% 3-Day Plunge: What Does Negative Rebase Mean?

Ampleforth (AMPL), is one of the cryptocurrencies that lost the most over the past three days. It plunged by over 75% to reach a low at around $0.65 on some exchanges, putting holders in negative rebase territory.
AMPL Plunges 75% in 3 Days
Ampleforth is

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Ledger Nano X - The secure hardware wallet