The insider story of the $MASK flash crash is revealed!!
This round of selling was too fierce, with a market value evaporating by 1/3. On-chain data has uncovered the truth——
First, at the beginning of the month, the founder's wallet was hacked, losing 4 million dollars in MASK, laying a mine. Subsequently, a certain whale dumped 750,000 coins to cash out 2.1 million dollars. Although it rebounded to 3.7 dollars due to favorable news from Binance, after the RSI flashed a red signal for overbought on June 6, the market suddenly recalled the hacking incident, triggering a panic sell-off!
With a trading volume of 2.5 billion USDT, the support level of 2.56 dollars felt as flimsy as paper.
Now, the range of 1.7-2.1 dollars is a lifeline; if it can hold steady, there may be a chance to rebound, but if panic continues, a new low of 1.6 dollars is just around the corner.
This volatile coin, with its wild ups and downs, either requires an early exit or waiting until it cools down completely before considering a buyback. Given the current market sentiment, bottom-fishing? Be careful not to catch it halfway up the mountain!
The market is ever-changing, and opportunities are fleeting. If you are still groping in confusion, unsure of how to seize buying and selling opportunities, you might want to follow @墨飞聊趋势 for irregular updates on the latest market hotspots, in-depth strategy analysis, and those easily overlooked potential tracks.
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