$BANANAS31 š After Loss.
Me and banana š
1. Profit-Taking by Early Holders
Traders who bought the token early (especially during pumps or before listings) tend to cash out once thereās a rally.
For instance, BANANA saw $5āÆmillion worth (about 9% of its market cap) deposited and sold on exchanges over a couple of weeks .
š³ 2. Whales & Developer Wallet Dumps
Large token holdersāsuch as project devs or foundation walletsāsometimes sell a portion of their holdings to lock in gains.š 3. Meme-Coin Sentiment & āBuy the Rumor, Sell the Newsā
Meme coins often pump ahead of exchange listings or hype events, then dip post-launch.š 4. Broad Crypto Market Downturns
These coins are sensitive to Bitcoin or overall altcoin trends.
If BTC dips, meme coins typically follow due to correlated trading pairs and market sentiment .
š 5. Technical Patterns & Volatility
They often form technical structures like descending wedges or contracting Bollinger Bandsāthese imply potential drops unless a breakout occurs.
For BANANA, analyses show bearish MACD and RSI shaping weak consolidation zones .
š¬ 6. Low Liquidity & Amplified Swings
Small trading volumes can cause exaggerated price moves even with moderate sell orders.