🚨What is the story behind the drop of LAYER

The LAYER coin collapsed by 45% in just a few hours: What happened💡?

Will it recover or will it be like OM? 🤔

Let's find out what is happening in the closed rooms 👇✅

The significant drop in the price of LAYER from Solayer today is attributed to several interconnected factors:

💡1. Token Unlock Event: The unlocking of 26.5 million LAYER tokens anticipated on May 11 raised concerns about a potential market surplus, leading to fears of increasing selling pressure unless sentiment improves before the release.✅$BTC

2. Liquidity Issues and Whale Activity: The liquidity crisis in the market has been exacerbated by large-scale sell-offs from major holders, resulting in a series of liquidations and causing panic among investors.$SOL

3. Allegations of Insider Manipulation: Concerns about potential insider manipulation are increasing, with allegations suggesting that major holders may have orchestrated a planned sell-off of LAYER before the token unlock.

These factors combined have led to a sharp decline in the price of LAYER, highlighting the importance of monitoring upcoming events and market sentiment for potential recovery or further declines.

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