💥 $MASK Flash Crash Insider Revealed! Market Value Shrinks by 1/3, On-chain Data Unveils the Truth Behind the Dump

1. Chain Reaction Triggers Plummet: From 'Buried Mine Theft' to 'Whale Cashing Out'

- Founder’s Wallet Theft Buries Hidden Hazards: Earlier this month, the founder's wallet was hacked for $4 million worth of $MASK, with a large amount of chips flooding the market forming a 'time bomb,' investor confidence revealed cracks.

- Whale Sell-off as the Catalyst: A mysterious whale frantically sold 750,000 $MASK to cash out $2.1 million, and after on-chain transfer records were exposed, market panic instantly intensified.

- Positive Rebound Becomes 'Fleeting Glow': Benefiting from Binance's listing, it briefly rebounded to $3.7, but with the RSI flashing a red signal for overbought on June 6, the capital rush to escape returned.

2. Bloodbath Scene: $2.5 Billion USDT Trading Volume Breaks Through Support, Life-and-Death Line on the Brink

- Support Level Instantly Lost: The key support at $2.56 collapsed like paper, with market value evaporating over 1/3 in a single day, as retail investors sold at a loss and quantitative stop-loss orders created a 'stampede effect.'

- Current Life and Death Line for Bulls and Bears: $1.7-$2.1 becomes the last defense line — stabilize or face a severe rebound; if panic continues, the historical new low of $1.6 is within reach.

3. Risk Warning: How to Avoid 'Bottom Fishing Turns Into Bag Holding' Amidst the Volatile Rise and Fall of Altcoins?

- Beware of Emotional Traps: The essence of volatile altcoins is 'capital games,' and concerns over the 'theft incident' have not dissipated; blindly bottom-fishing can easily step on the 'second dump' mine.

- Operating Strategy Suggestions:

- Holders: Cut losses decisively below $1.7 to avoid being deeply trapped;

- Observers: Wait for trading volume to shrink below $500 million USDT, and RSI indicator to show bottom divergence before gradually testing positions, do not 'rush to pick up corpses.'

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(Risk Warning: Cryptocurrency is highly volatile, and the above analysis does not constitute investment advice; decisions should be made with caution.)