Lagrange ($LA ) has fallen by 1.02% in the last 24 hours, continuing the overall downward trend (-6.69% for the week, -9.69% for the month). The main reasons are risks associated with token releases, technical weakness, and market pressure due to leverage. $LA
Token unlock risks — 40 million LA have been transferred to exchanges, which may lead to increased selling.
Technical decline — the price has fallen below important moving averages, testing key support.
Liquidation risks due to leverage — high open interest ($1.01 trillion) intensifies volatility.
The drop in $LA is due to a combination of increased supply, technical issues, and unstable market sentiment. Despite signs of being oversold, a sustainable recovery depends on the market's ability to absorb unlocked tokens and overcome resistance at the $0.344 level.
Key point: Will the Lagrange Foundation activate the token buyback program (announcement from July 14) to reduce selling pressure? This will be a key factor for the future dynamics of LA.