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#SquidCoin #SQUID #MemeCoin #meme
The second season of "Squid Game" will premiere on December 26, 2024, quickly sparking a frenzy. However, the fate of Squid Coin is not as promising as expected. The day after its premiere, the price of Squid Coin continued to plummet, and the community's heated discussions were soon replaced by anxiety and panic.
The culprit behind this crash is rumored to be several weak and faithless retail investors. Among them, "Prairie Brother 12" is the most talked about. When the price of the coin dropped, he could not withstand the “sell pressure” from community members and, in a fit of anger, chose to liquidate his holdings. This action directly exacerbated the market sell-off, triggering an avalanche effect. The originally confident community members lost their morale in this wave of shock, and market confidence evaporated.
Even though the topic of meme coins is still alive, with Musk's meme coins like Dogecoin and Shiba Inu Coin remaining strong, Squid Coin seems to have fallen into a crisis of faith. After the collapse of faith, does Squid Coin still have a chance to turn things around?
What do you think the Squid Coin community should do to rebuild confidence in this situation? Was Prairie Brother 12's massive sell-off really the trigger, or is there another reason?
The second season of "Squid Game" will premiere on December 26, 2024, quickly sparking a frenzy. However, the fate of Squid Coin is not as promising as expected. The day after its premiere, the price of Squid Coin continued to plummet, and the community's heated discussions were soon replaced by anxiety and panic.
The culprit behind this crash is rumored to be several weak and faithless retail investors. Among them, "Prairie Brother 12" is the most talked about. When the price of the coin dropped, he could not withstand the “sell pressure” from community members and, in a fit of anger, chose to liquidate his holdings. This action directly exacerbated the market sell-off, triggering an avalanche effect. The originally confident community members lost their morale in this wave of shock, and market confidence evaporated.
Even though the topic of meme coins is still alive, with Musk's meme coins like Dogecoin and Shiba Inu Coin remaining strong, Squid Coin seems to have fallen into a crisis of faith. After the collapse of faith, does Squid Coin still have a chance to turn things around?
What do you think the Squid Coin community should do to rebuild confidence in this situation? Was Prairie Brother 12's massive sell-off really the trigger, or is there another reason?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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