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PROM drops 45% in a single day, and even listing on a major exchange couldn't stop the decline.
Such a magnitude of decline is indeed rare. The reasons behind it are widely debated: Is it large investors dumping en masse to push prices down? Or is it due to insufficient liquidity in trading pairs causing excessive slippage? Or has there been some issue with the project itself?
When an asset recognized by mainstream exchanges experiences such intense volatility, it usually indicates that several factors are occurring simultaneously. Either market sentiment has sharply turned, or some key information has triggered a selling wave. Whatever the case, it’s worth for holders and observers to carefully analyze the underlying logic.