Layercrashed

#Layercrashed : What happened with $LAYER R and why did it plummet by 45%?

Hey, guys! Let's have a chat about what's going on in the crypto world. Solayer (LAYER) experienced a 45% drop in just a few hours, falling from around $3.10 to less than $1.70. This sharp decline wiped out weeks of appreciation and left the community on alert.

The main reason cited for this drop was the low liquidity of the token, which made the market vulnerable to large sell-offs and cascading liquidations. Furthermore, there is a growing concern about the unlocking of 26.5 million LAYER tokens scheduled for May 11, which could further increase selling pressure.

Despite the drop, some traders are betting on a recovery, with the long/short ratio rising to 1.45. However, the support around $1.90 is weak, and volatility is expected to remain high in the coming days.

If you are positioned in LAYER or thinking about entering, it is important to stay alert to the upcoming movements and consider the risks involved. The market is in a delicate moment, and caution is essential.

$BTC

LAYER Crashed 😭😭😭

Sometimes this happens
How much damage has been done?
I think about 10 dollars

#Layercrashed