Solayer Price ($LAYER ) Plummets 45% in Just Hours, What Happened❓❓❓
👉LAYER plummeted in just 24 hours, falling from nearly US$3.10 to US$1.90, causing the community to search for the main cause. This sharp decline occurred despite Solayer having strong fundamentals.
➡️Currently, confusion is rampant. Some blame market makers for triggering a chain liquidation, others accuse the founders of dubious practices, while some point to the daily token unlock of 110,600 LAYER.
🔔However, that token unlock is only worth US$219,000—not enough to justify a market capitalization loss of more than US$250 million.
💣👉What is more concerning is the next token unlock on May 11, when 26.5 million LAYER (worth around US$51 million) will be released.
⏩If market sentiment does not recover before that momentum, the influx of supply may exacerbate selling pressure and potentially drive prices even lower.
➡️The outlook for LAYER remains highly uncertain as its price struggles to stay above US$1.90 after the sharp decline.
➡️Traders and investors are still seeking clarity about the causes of this drop, while sentiment remains fragile ahead of the token unlock on May 11.
🔥In this context, the current long/short ratio of 1.45 reveals an important shift—more traders are now betting on a rebound, with 59.2% long positions compared to 40.8% short.🎉🎉
📢This increasing long bias may indicate that some believe the worst is behind, especially after aggressive selling.
📢Click FOLLOW for the Latest News👌
