Why Mask Network's (MASK) coin price is falling?
- *Recent Price Drop*: MASK has declined 13.2% in the last 24 hours, with its price currently sitting at $1.66. This drop is part of a larger trend, with MASK experiencing a 39% decline in the last 7 days.
- *Market Sentiment*: The recent fallout between Trump and Elon Musk has soured retail sentiment, contributing to the price drop. This news has likely impacted investor confidence, leading to decreased market activity.
- *Trading Volume*: MASK's 24-hour trading volume has decreased by 52.30%, signaling a recent fall in market activity. This reduction in volume can indicate a lack of investor interest.
- *Whale Activity*: Whales selling their MASK tokens have also contributed to the price pump followed by a dump. This kind of activity can significantly impact the market price.
- *Underperformance*: MASK is underperforming compared to the global cryptocurrency market and similar Polygon Ecosystem cryptocurrencies. This underperformance might be due to various factors, including lack of adoption or negative market sentiment.
