The $LAYER (LAYER) token experienced a significant price drop today, falling over 18% within 24 hours. The decline comes amid broader volatility in the crypto market and a noticeable decrease in $LAYER ’s daily trading volume.
Analysts attribute the dip to increased sell pressure from whale wallets and a lack of immediate utility-driving news from the $LAYER team. Despite recent efforts to promote $Layer’s scalability solutions for dApps, investor sentiment appears cautious.
On Binance, $LAYER/USDT saw heavy red candles early in the day, prompting speculation about whether a support zone will hold around the $0.08 level.
Investors are watching closely to see if $Layer can rebound or if this signals a longer-term correction.
