The true cause of the coin crash has been discovered!Pai Coin plummeted over the weekend to a historic low of $0.145, a more than 93% decline from the $2.98 high set after the mainnet launch in February last year. The crash was caused by a combination of overall weakness in the crypto market, escalating geopolitical risks, ongoing selling pressure, and large-scale token unlocks. Data shows that Pai Coin will unlock over 133 million tokens in February, with a total of 1.3 billion tokens set to be unlocked in the next 12 months, continuing to pressure the price due to increased supply.
MarketWhisper·02-02 02:10