#STORJ 📉 Storj (
$STORJ ) loses almost 15% on news of Storj Labs bankruptcy
⚡️ Highlights:
Price: $0.0629 (-14.72% in the last 24 hours).
Main reason: Storj Labs officially filed for bankruptcy (Chapter 11).
Trading volume: +265% ($10.9 million) - the market records the capitulation of buyers and a massive panic sale.
Technical milestone: Key support level - $0.060.
🔍 Detailed analysis of the situation:
1️⃣ Legal blow to the token
Storj Labs (a developer of decentralized cloud storage) filed for reorganization under Chapter 11 of the US Bankruptcy Code in the State of Delaware (case number 5:26-bk-00512). This decision has caused a high level of uncertainty regarding the future of the ecosystem and the future of the STORJ token.
2️⃣ Abnormal volume and panic selling
Over the past 24 hours, trading volume has increased by 265%, reaching $10.9 million. The market is experiencing a classic capitulation: investors are massively exiting positions, which creates enormous pressure from sellers on the price.
3️⃣ Technical picture and levels
Currently, the asset is trading in the range of $0.060–$0.070.
The $0.060 level is crucial: if buyers can hold it, a short consolidation or rebound is possible.
A breakdown below $0.060 will open the way for further declines and renewal of local lows.
⚠️Conclusion:
The situation around Storj is a vivid example of fundamental risk, when the legal and financial problems of the developer company directly threaten the liquidity and value of the token.