#BTCBackto100K In-Depth Analysis of LAYER Collapse, Unlocking the Truth of the Crypto Marketđ¨
Today, the cryptocurrency market has undergone a drastic change, with $LAYER facing a heavy blow and a significant price drop đ What exactly caused this crash? Let's analyze in depth and unveil the real reasons behind the collapse of LAYER.
In the cryptocurrency market, token unlocks are a key event that often has a substantial impact on coin prices. LAYER is about to face a massive token unlock. On May 11, approximately 27 million LAYER tokens (accounting for 13% of the total supply) are set to unlock and flood the market. Such a large number of tokens suddenly entering the market will inevitably lead to a significant increase in market supply. According to the principle of supply and demand, a surge in supply usually triggers selling pressure, and when sell orders far exceed buy orders in the market, prices will naturally fall.
