🚨 $FLOW Token Plummets: Unpacking the 20% #Drop 🚨
The $FLOW Token has experienced a significant decline, dropping over 20% recently. Let's break down the reasons:
1. $6M Withdrawal Sparks Sell-Off
A massive withdrawal triggered a price crash, wiping out recent gains.
2. NFT Activity Crash
Flow’s NFT trading volume dropped drastically — showing weakening ecosystem support.
3. Regulatory Pressure
Ongoing legal battles in the crypto space are impacting investor confidence.
4. Market-Wide Liquidations
Over $2.3B liquidated in the broader market recently — altcoins taking the hit!
5. Internal Trouble at Dapper Labs
Layoffs at the core team signal turbulence behind the scenes.
Current Price: $0.369
24h Low: $0.368
MACD + EMA both bearish
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