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⏰️🛩 Solayer Crypto Freefaling: What Happened to $LAYER ?
🚨 Crypto project Solayer experienced a sudden drop in the price of its native token by more than 40%. This happened right after it reached an all-time high, literally hours before that.
Solayer is built on Solana networks, and it is a prominent restaking protocol and hardware-accelerated blockchain. This means they are trying to offload to specialized hardware, which allows for better scalability, security, and overall effectiveness.
This is why projects like Solayer are important technologically for the future of crypto. But what made LAYER drop like this?This suggests that, combined with the upcoming unlock and expected volatility of the upcoming FOMC on the whole crypto market, this was exaggerated.
Overall, crypto sentiment around the project is very negative, accusing it of pumping and dumping, which is something that we have seen many times.
Surely, top holders taking huge profits also cause the project to suffer unimaginably. Not only that, but smaller holders also take the punch straight to their face.
This suggests that, combined with the upcoming unlock and expected volatility of the upcoming FOMC on the whole crypto market, this was exaggerated. Overall, crypto sentiment around the project is very negative, accusing it of pumping and dumping, which is something that we have seen many times.
#Solayer
🚨 Crypto project Solayer experienced a sudden drop in the price of its native token by more than 40%. This happened right after it reached an all-time high, literally hours before that.
Solayer is built on Solana networks, and it is a prominent restaking protocol and hardware-accelerated blockchain. This means they are trying to offload to specialized hardware, which allows for better scalability, security, and overall effectiveness.
This is why projects like Solayer are important technologically for the future of crypto. But what made LAYER drop like this?This suggests that, combined with the upcoming unlock and expected volatility of the upcoming FOMC on the whole crypto market, this was exaggerated.
Overall, crypto sentiment around the project is very negative, accusing it of pumping and dumping, which is something that we have seen many times.
Surely, top holders taking huge profits also cause the project to suffer unimaginably. Not only that, but smaller holders also take the punch straight to their face.
This suggests that, combined with the upcoming unlock and expected volatility of the upcoming FOMC on the whole crypto market, this was exaggerated. Overall, crypto sentiment around the project is very negative, accusing it of pumping and dumping, which is something that we have seen many times.
#Solayer
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