$ETH The highly anticipated Coin mainnet launch has triggered significant market turbulence, with prices plummeting 55.16% in just 24 hours to $0.7620, a stark contrast to the speculative peak of $183.49.

Despite the initial setback, Coin’s $4.77 billion market cap and strong exchange listings suggest a potential path to recovery. With a user base of over 10 million, its ecosystem remains active, and history has shown that major token launches often experience high volatility before finding stability.

If development progresses and adoption expands, a long-term rally towards $10 remains within reach. Traders should keep an eye on liquidity movements and exchange growth for strategic entry points into this dynamic market.