🔎 Latest news about $TOWNS
📉 Observing the price action, TOWNS Star ($TOWNS) is experiencing a strong correction of nearly 7%. This movement suggests profit-taking by recipients of the recent Binance airdrop.
💡 According to Binance Square, it is a common dynamic for tokens to experience selling pressure after an airdrop, as recipients convert their free tokens into more stable assets.
🛡️ According to the project documentation, the challenge for TOWNS now is to demonstrate its fundamental value and attract a long-term investor base that believes in its vision of creating a decentralized communication protocol.
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