A major crash just occurred in $MEMEFI. The price dropped from around $0.0063 to $0.0021, losing over 58% in just one hour. Such a drop is shocking, especially since the overall market is still strong and moving upwards. Many traders were not prepared for this, and some may have lost a lot of money in just a few minutes.
This is not the first time something like this has happened. Over the past few weeks, coins like $OM and $LAYER have also dropped significantly without any major news. Most often, these drops occur due to weak support, high margin trading, or large volumes being sold all at once. When this happens, the price falls quickly, and it is hard to stop.
This teaches us an important lesson: not all coins are safe, even in a bull market. It is crucial to check the coin's volume, support level, and trading history before buying. Always use a stop-loss and do not invest all your funds into one token, especially if it is a meme coin or a very new coin.