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The pair $ACT plummets abruptly by 50% in 15 minutes. What just happened? What you are seeing is not just a negative candle, but a total collapse. The pair $ACT dropped from $0.1899 to $0.0904 in a single 15-minute period, losing more than 51% of its value in what appears to be a catastrophic drop or insider selling.
Let's analyze this chaos:
Loss in 15 months: -51.11%
Drop in 7 days: -52.46%
Loss in 30 days: -54.20%
Death spiral in 90 days: -66.20%
This is not just volatility; it is a systematic collapse.
Probable causes:
Assault or exploitation of a smart contract: A massive red candle with high volume usually indicates one thing: someone has sold big or drained liquidity.
Unlocking of tokens or exit of an insider: If a vesting schedule expired, large holders may have sold off in bulk.
Rumors about delisting or protocol drama: Sometimes, the community finds out before the news is published.
Flawed Position Policy or fake pump setup: This could be an untimely injection and extraction with low liquidity.
Indicators?
Stochastic RSI: 10.81 (Oversold to a great extent)
Order book sentiment: Slight buying edge (46%/54%), but it could be that investors who caught the bottom have taken advantage of the drop.
In summary?
This was a coordinated attack or a brutal break of trust. There is still no real rebound. Stay away until there is clarity or a real reversal structure forms.$ACT