Degen

I haven’t been trading… $Fair sell off just traders taking profits or?

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩

According to bankr 
“fair technical analysis:

price action looks rough after a big sell-off, but the general vibe around it plus some better market news could mean a bounce back is in the cards once the panic selling dies down. managing your risk is super important here. trade small, use limit orders, and don't get caught up chasing sudden price jumps.

here's the breakdown on the sell-off:

the drop seems to be a classic case of a cool-down after a massive launch pump. a lot of traders likely cashed in their profits, which, combined with a shaky broader market, led to the sharp decline. i didn't find any single large sell-off from the top holders that would explain this, so it looks more like a market-wide correction for the token”