Solier (LAYER) under severe pressure after a sudden collapse of 45% that wiped out weeks of upward momentum. After rising by 460% since February, the token is now trading below $1.70 as traders seek to understand what led to this collapse.
The altcoin lost nearly $350 million in market value in this crash. With rising volatility and the buy/sell ratio now at 75, 1, the market seems divided between those expecting a recovery and those preparing for further declines.