🛑🛑 $BNX Urgent Update 🛑🛑
BNX experienced a significant drop recently, decreasing around 43% from yesterday. After reaching $1.21, it fell sharply. The next support is at 0.60 which is also 3 months hold. If it can't sustain this support then it will fall more badly. This coin has been the subject of controversy, and many investors bought in after it reached one dollar, only to see it fall immediately. More than $50 million was liquidated in just a few hours. This is the second instance of such a drastic drop, following a similar event with $HIGH . This marks its lowest point since late April. 😕
While the exact reasons for the drop are unclear, it’s worth noting that BNX had a somewhat suspicious jump a few days ago (almost 30%!), 🤷 but the trading volume was relatively low even then.
