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A series of headless coins are appearing one after another. The most talked-about $TAKE project suddenly plummeted today, with a drop of 70%. The promised Sui ecosystem, now that the projects have already TGE, really has nothing impressive to show.
This kind of movement is quite ironic—after rising for so many days, it all reverted overnight. Once again, it confirms the old saying: the rise of altcoins is essentially a bubble. On-chain data clearly shows that this crash directly wiped out $1,824,100 in long positions. From a capital perspective, the main players are quietly withdrawing, and the ongoing outflow signals are hard to ignore.
At this position, it’s not recommended to rush into a bottom-fishing. Instead of rushing in, it’s better to stay calm and observe for a while, waiting to see the subsequent developments.
In the short term, focus on the following tokens: TRADOOR, RECALL, WCT, CC, CYBER.