Why did the number of BOB A Memecoin holders drop?
BOB A, a fun digital currency on Binance, had 115,000 holders but now only has 39,649. 😕 This drop occurred before its listing on Binance Futures on June 5, 2025.
Why did so many sell? 🤔 The price of BOB jumped 87% in one day, reaching a value of $53 million (X post). 🚀 Many sold to keep the extra money, which is called taking profits. 💰 Some may have been worried that the price would drop after the listing, as memecoin prices can fluctuate a lot. 📉
No bad news was found about BOB that explained the sell-off. 😐 On X, some people were excited, but others were unsure (X post). 🗣️ This is normal for memecoins, which are risky and driven by hype. 🎢 Large investors, or whales, may have sold a lot, reducing the number of holders.
As of June 9, 2025, the number of holders remains stable at around 39,550 (CoinMarketCap). ✅ The price is $0.00000010, down 3% in one day but up 187% in a week (Coinbase). 📊
It is likely that people sold to capitalize during the price increase, and no major issues were reported with BOB. 📰 This is how memecoins work: people buy and sell quickly when prices change! 🔄