Solayer ($LAYER ) has fallen by 3.34% to $0.547 over the last 24 hours, continuing a monthly decline of 23%. Main reasons:

Pressure from token unlocks – $17.33 million worth of LAYER tokens have entered the market, increasing the supply for sale.

Technical decline – the price has dropped below important moving averages, indicating a bearish trend.

Weakness of altcoins – Bitcoin's dominance has risen to 57.63%, diverting capital from smaller cryptocurrencies.

The decline of $LAYER is related to both token unlocks and a general decrease in interest in risk assets. Despite the project's technical innovations (a blockchain with a capacity of 1 million transactions per second, integrations with Binance), short-term challenges remain.

$LAYER needs to maintain support at $0.534 and whether demand will stabilize depends on the ongoing airdrop for Binance holders (18 million LAYER left #BuiltonSolayerLAYER #BuiltonSolayer @Solayer