$MASK Single-Day Plunge of 38%! Web3 Social Leader Faces Bloodbath, Is it a Scam or a Golden Opportunity?
Yesterday, MASK Coin experienced a vertical drop: a 24h plunge of 38%, with single-day trading surging to 2 billion USD, exposing a capital war where on one side short-term traders panicked and sold (over 120 million sell orders within 24h), and on the other side whales counter-market bought 32 million coins in the 1.8 USD range!
As a key Web3 social entry project, MASK connects Twitter/Facebook encrypted communication, serving as a traffic bridge between traditional social media and the Web3 ecosystem. After this plunge, the strong support at 1.7 USD corresponds to the key 200-day moving average, and the technical aspect has entered an oversold territory.
⚠️ Key Signals:
On-chain data: The holdings of the top 10 whale addresses increased by 17% in 24h (signal of smart money entering) Sector linkage: The overall adjustment of the SocialFi track was 25%, with MASK as the leader touching the bottom first.
Operational Strategy:
✅ Build positions in batches in the 1.7-1.8 USD range (stop-loss at 1.6 USD, betting on a 30% rebound)
✅ Keep a close eye on Web3 policy trends (advancing social token compliance, benefits may explode at any time)
Iron Law of the Crypto World: Opportunities to double your investment are hidden within the plunge! The Web3 entry value of MASK is destined to be repriced by the market — those who are shaken out now may be the ones who break their legs in the future!🚀
