š $MASK /USDT Crashes Over 50% in Minutes ā What Just Happened?
$MASK experienced a brutal dump from $3.73 ā”ļø $1.73, wiping out over 50% of its value in just a few 15-minute candles. This sudden collapse triggered massive liquidations and panic selling across the board.
š Key Observations:
15min chart shows a classic waterfall-style dump with no significant pullbacks.
Price dropped from $3.73 to $1.73 ā over $2 billion volume traded in 24h.
After bottoming out at $1.73, it stabilized around $1.87.
š§ Possible Reasons Behind the Crash:
1. Unlocks or Insider Sell-off
MASK Foundation or early investors might have unlocked vested tokens and dumped into the market.
2. Market Manipulation / Whale Exit
A big whale may have exited a large position at once, causing cascading liquidations.
3. False Rumors or FUD
Any rumor related to MASKās project status or regulation couldāve triggered fear and exits.
4. Leverage Liquidations
Once price broke key support levels, overleveraged long positions got wiped out ā accelerating the fall.
5. Hacked Wallet or Exploit?
In some cases, token contracts or team wallets get compromised ā and big dumps follow. (Not confirmed yet)
š What Now?
Short-Term: Expect high volatility and dead cat bounces.
Support Zone: $1.70ā$1.60 must hold to avoid further crash.
Resistance: $2.20ā$2.50 will be hard to reclaim quickly.
Traders should wait for confirmation candles and low-leverage setups.
šØ Lesson: Always be ready for sudden moves in crypto. Managing risk > chasing pumps.
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