🚨🚨 REEF (REEF) Takes a Massive 58% Hit Amid Major Whale Sell-Off! 🚨🚨

1. Major Price Crash:

REEF has suffered a dramatic 58% drop today, erasing all of its gains from the past month in just a single trading session.

2. Whale Sell-Off:

Three significant cryptocurrency wallets, likely controlled by the same entity, unloaded 866 million REEF tokens (worth $2.07 million) across HTX, KuCoin, and Gate.io, fueling concerns of widespread panic selling.

3. Whale Losses:

Despite their big move, these whale wallets took a huge hit, racking up total losses of $2.53 million (or 55%) from the sales. They now only hold $204k worth of REEF, with an additional $270k in unrealized losses.

4. Weekly Plunge:

Over the last week, REEF’s price has tanked by 67%, sending shockwaves through the investor community.

5. Trading Availability:

Although REEF is no longer available for spot trading on Binance, it’s still listed in the futures market, offering some continued trading activity despite the sharp downturn.

Stay cautious as this steep drop signals potential further volatility ahead for REEF holders!

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