$LAYER

What is the reason for such a dump, and is it worth buying back?

More than $389 million in tokens will be released from May 5 to 12, with LAYER leading the way.

According to Tokenomist data, upcoming unlocks include cliff-style events. LAYER will lead among cliff-style unlocks with 27.02 million tokens worth $86.73 million in circulation, while Solana leads linear unlocks with 465,770 SOL amounting to $67.27 million.

LAYER unlocks tokens worth $86.73 million.

Since the end of February this year, the Layer token has reached a bottom of about $0.6 and has started a continuous upward trend. Even during the major crash in the middle, the price of LAYER remained strong. On May 6, 2025, according to market data from the trading platform Gate, LAYER is currently priced at $1.91, with a 24-hour drop of 38.81%. After touching $3.4 yesterday afternoon, LAYER began to decline and a major crash started around 16:00 today with a drop of more than 30% in one hour. The current circulating market cap of LAYER is $407 million, ranking 123rd in the entire market.

I think the spot has a small volume, the buying price is sweet.