🚨 Blood in the Market – Top Losers Today!
What Happened to LAYER? Why the Massive Drop?
The crypto market faced a heavy pullback today, with several altcoins bleeding red. Here's a quick look at the biggest losers in the past 24 hours:
LAYER: -34.86%
PARTI: -20.06%
STPT: -19.72%
ICX: -17.94%
STO: -15.26%
BAR: -15.13%
HYPER: -14.71%
FIDA: -14.48%
PUNDIX: -13.55%
VIRTUAL: -13.09%
LRC: -11.47%
FLM: -11.18%
The market is red, and the pressure is real!
Always manage your risk and never ignore the importance of a stop-loss!
🔍 What Happened to LAYER? Why the Massive Drop?
LAYER saw a sharp decline of nearly 35%, raising concerns among investors and traders. Here are the key reasons:
1. Airdrop Dumping
LAYER recently launched with a token airdrop. While this brought attention, many recipients started selling instantly—creating a wave of downward pressure on the price.
2. Broken Support Levels
Once the price dropped below $1.00, technical selling kicked in. With no strong buying support in place, the token slid further down, triggering panic among holders.
3. Negative Funding & Sentiment
Perpetual contracts for LAYER are seeing a negative funding rate (around -2%), signaling that short sellers are dominating. The overall bearish mood across the market is adding fuel to the fire.
⚠️ Risk Management is Key
Don’t follow hype blindly—DYOR (Do Your Own Research)
Use stop-loss in every trade
Never over-leverage
Accept that not every dip is a buy opportunity
