Did #AGT crash today? Why did it crash?
1. The overall market is collapsing, with BTC and ETH leading the sell-off.
Today, the entire cryptocurrency market is in decline. When Bitcoin (BTC) and Ethereum (ETH) crash, smaller coins suffer even more. Low market cap coins like AGT can't withstand the selling pressure and plummet even further.
2. Project teams or large holders are cashing out.
On-chain data shows large transfers to exchanges, possibly from teams, early investors, or whales liquidating their positions. The market can't absorb this, causing prices to collapse directly.
3. Poor liquidity leads to sharp declines with just a small sell-off.
AGT has low trading volume and thin order books. A small amount of selling can cause prices to plummet, triggering panic selling easily.
4. There may be negative news (but no solid evidence).
Currently, there are no official announcements or confirmed negative news like hacking incidents, but there are rumors in the community about project teams running away or funding issues, causing retail investors to sell out of fear (FUD).
5. Prices rose too much before, and now profits are being taken.
If AGT surged significantly earlier, with the market cooling down now and funds exiting, it’s natural for the price to drop sharply.
Right now, the poor market sentiment combined with capital outflows is leading to a stampede.
If small investors are trapped, don’t rush to sell at a loss; wait for the market to warm up.
If large investors are involved, keep an eye on the project team's subsequent actions to prevent the risk of them running away.
Don’t blindly try to catch the bottom; small coins are volatile and may continue to drop.
