Why has the price of Mask Network (MASK) decreased?
- *Recent Price Decline*: MASK has dropped 13.2% in the last 24 hours, with the current price at $1.66. This decline is part of a larger trend, with MASK experiencing a 39% decrease over the past 7 days.
- *Market Sentiment*: The recent rift between Trump and Elon Musk has worsened retail investor sentiment, contributing to the price drop. This news may have affected investor confidence, leading to reduced market activity.
- *Trading Volume*: The 24-hour trading volume of MASK has decreased by 52.30%, signaling a recent decline in market activity. This drop in volume may indicate a lack of interest from investors.
- *Whale Activity*: Whales selling their MASK tokens have also contributed to the subsequent price pump followed by a decline. Such activity can significantly impact market prices.