Why did the once skyrocketing 'meme coin' AVNT, which surged 281% in a single month, collapse rapidly in just a few weeks? From being highly sought after to a frantic escape, who is really 'harvesting' behind this rollercoaster ride in the crypto world? This article will deeply reveal the five core reasons for AVNT's sharp decline, taking you straight to the truth!
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🎢 1. Is the peak upon listing? No, it’s the beginning of the sell-off.
In mid-September, AVNT made a high-profile debut on major exchanges like Binance and Upbit, with prices soaring at one point, achieving a monthly increase of up to 281%! However, 'the peak upon listing' was followed by a collective cash-out by airdrop recipients and early investors. A large number of tokens flooded the market, leading to an instant oversupply, and the coin's price plummeted.
💡 Truth Interpretation: Behind every surge, there lurks the scythe of profit-taking. Going public is not the end, but the starting point for the first wave of selling.
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🤖 Two, has the airdrop turned into an 'airstrike'? $4 million dark secrets exposed
On September 9, the AVNT Season 3 airdrop event erupted in a shocking scandal: a malicious participant used a Sybil attack (creating a large number of fake accounts) to siphon off tokens worth about $4 million! This incident completely shattered community trust, panic spread, and holders rushed to sell, accelerating the collapse of the token price.
💡 Truth Interpretation: Airdrops were originally a benefit, but they have been turned into ATMs by 'scientists.' Once trust is shattered, token prices will flicker like a candle in the wind.
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🐋 Three, are whales and the team 'joining forces to crash the market'? Lock-up commitments are questioned
On-chain data confirms: multiple whales and suspected internal/VC wallets continue to transfer large amounts of AVNT to exchanges for sale. For example, a certain whale transferred 2.5 million tokens at once. Although the team claims 'some are exchange wallets,' the community strongly questions whether the previous financing of $12 million and the promise of a 12-month lock-up have long been a mere formality?
💡 Truth Interpretation: When lock-up turns into 'paper chains,' every transfer by whales is a heavy blow to small investors.
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📉 Four, market cooling + profit-taking = adding insult to injury
The entire crypto market entered a correction phase in September, and AVNT, as a high-volatility asset, was the first to bear the brunt during the market downturn. Although its perpetual contract trading volume set a record of $7.4 billion, it still could not withstand the dual pressure of 'profit-taking + panic selling.'
💡 Truth Interpretation: In a bull market, it acts as an amplifier for gains, while in a bear market, it accelerates losses—high beta assets are always a double-edged sword.
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⚔️ Five, fierce battles in the track! Competitor's 24-hour trading volume reached 42 billion
The competition in the DEX track has become fierce. For example, competitor Aster recently set a trading volume record of $42 billion in 24 hours, continuously eating into AVNT's market share. In the intense industry reshuffle, if AVNT cannot continue to innovate, it is likely to be abandoned by funds and users.
💡 Truth Interpretation: There are no eternal kings in the crypto circle, only survivors who keep iterating. A step behind may lead to being thrown off the track.
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💎 Conclusion
The collapse of AVNT is not accidental, but the result of the combination of five factors: 'listing selling pressure + trust crisis + whale dumping + market weakening + intensified competition.' This also reminds us again: in the crypto circle, there is no myth of only rising without falling; only rational analysis and vigilance against risks can help us navigate the bull and bear markets.
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