$SOPH Morning Plunge Direct Reasons
1. Overall Market Crash Sets the Pace
Last night, U.S. stocks fell, and Bitcoin also plummeted. This morning, Asian markets opened with panic, causing small coins to crash directly, and SOPH was affected as well.
2. Sudden Dump by Project Parties or Big Holders
On-chain analysis revealed that several large wallets concentrated their transfers to exchanges before the crash. The team unlocked tokens for sale, or big holders cut losses and ran away.
3. Poor Liquidity, One Dump and It Crashes
SOPH has low trading volume and thin order books; even a slightly larger sell order can directly break the price, triggering a chain reaction of panic selling.
Mainly due to poor market sentiment + capital flight.
If the overall market continues to fall, SOPH is likely to follow suit.
Observe if the project party takes measures to stabilize (such as buybacks, locking up funds).
Continue to engage fans in operations; Ming still has a few tokens in hand.
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