Last night's $TIMI price movement drew market attention — a sharp dip in a short period caught many new airdrop participants off guard. Behind such intense volatility, there are often specific market mechanisms at play.

**What caused this kind of fluctuation?**

From a technical perspective, several core factors are worth analyzing: First, insufficient order book depth. When selling pressure concentrates and buy orders are thin, a single large sell can break through multiple support levels, triggering a chain reaction. Second, large funds testing the market or unloading. It’s possible that institutions or big players are testing market absorption capacity or conducting concentrated position reductions during specific periods. Third, leverage effects in the futures market. High-leverage positions will automatically liquidate when prices hit the liquidation line, and this forced selling pressure can further accelerate the decline.

**Adjust your investment approach when dealing with airdropped tokens**

For participants who have already claimed the airdrop, the key question is: Is this an opportunity for a bigger pattern or a risk signal? Considering the recent volatility, "capital preservation" or "phase locking in profits" should be more realistic goals. Taking profits in stages during rebounds, rather than holding positions and waiting for long-term growth, often offers a better risk-reward ratio.

If you're still considering bottom-fishing, the previous price movements have already exposed the fragility of such assets — liquidity can dry up easily, and prices lack effective support. Until new support levels form and market sentiment stabilizes, it’s generally more rational to stay on the sidelines.

**A reminder: the risk profile of early tokens**

Newly launched airdrop tokens are fundamentally different from mainstream coins. The former often have insufficient liquidity, and their prices can be extremely volatile. Viewing airdrops as market gifts rather than long-term investments, and prioritizing risk management, is usually a more prudent strategy. The market will continue testing $TIMI’s support levels, but that doesn’t mean you have to hold all positions and wait.