$BANANAS31
❓Why did this decline happen?
1. Severe fluctuations in the meme coin market
BANANAS31 is a token based on internet culture (meme coin), and such volatility is very common, as speculators quickly take profits when the price rises.
2. Selling pressure after a price peak
After reaching an ATH (such as $0.059 according to Binance or $0.025 according to other sources), a wide range of investors started taking profits, leading to mass selling and a sharp decline.
3. Fixed and large supply without burning mechanisms
All tokens (10 billion) are available from the start, and no burning or additional emission system has been announced, meaning that price pressure often comes from the large supply against limited demand.
4. Decreased demand among investors
After the rapid rise, relative interest from traders declined, especially after the temporary fading of media hype or tweets related to the project, which reduced demand and decreased the liquidity available to support a high price.