🚨⚠️ **Urgent Update for $HIGH Holders!**
The developers of High Coin have just released an official statement regarding the coin's dramatic and sudden drop. They attribute the decline to a sophisticated scam by a group of Korean traders. These traders held an estimated 60% to 70% of High Coin's supply and recently sold off a substantial portion, causing the coin's value to plummet by around 70%.
Currently, these Korean investors still hold about 20% to 30% of High Coin's supply. If they decide to liquidate their remaining holdings, the coin's price could fall even further, potentially decreasing to 1.2 to 1.5 times its current value.
This announcement highlights the reasons behind the unexpected downturn and serves as a crucial warning for investors to stay vigilant and prepared for potential market volatility.