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.
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tx_or_didn't_happen
· 9h ago
Endorsement by top exchanges can't save it either; this is the most heartbreaking part.
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BearMarketMonk
· 9h ago
Endorsement from top exchanges can't even stop it; this is outrageous.
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Fren_Not_Food
· 10h ago
The sense of a whale dumping, even the top exchanges can't save it...
Another typical case where "good news" turns into "bad news," hilarious
With such poor liquidity, dare to list on mainstream exchanges? Pumping is easy, dumping is hard
It seems the project team might also be panicking, otherwise how to explain this sharp decline
Holders are really struggling this time; verification is useless
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GasWhisperer
· 10h ago
ngl the liquidity pool must be absolutely *fractured* rn—when even tier-1 listings can't absorb 45% dumps you know something broke in the execution layer. probably watched the mempool spike before this hit... those fee patterns don't lie fr
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.