A major crash just occurred in $MEMEFI, with its price plummeting from around $0.0063 to as low as $0.0021, losing over 58% in just one hour. This sudden drop is especially surprising given that the broader market is still strong and on the rise. Many traders were caught off guard, and some likely suffered significant losses within minutes.
This isn’t the first time we’ve seen such sharp declines. Recently, coins like $OM and $LAYER also experienced steep drops without any major news events. These sharp declines are often the result of weak support, high leverage trading, or large sell-offs by a few individuals. When this happens, prices can fall rapidly and it’s hard to reverse the trend.
This serves as a stark reminder: not all coins are safe, even in a bull market. It’s crucial to analyze a coin’s volume, support levels, and trading history before investing. Always use stop-loss orders and avoid going all-in on a single token, particularly if it’s a meme coin or a new project.
