đš Highstreet announced that 20 million coins were sold due to an unknown attack, causing a 70% drop in the HIGH coin. Reports suggest this includes third-party opinions and is not financial advice. đȘ
The cryptocurrency
$HIGH saw a drastic drop on June 10th, losing over 17% in a 24-hour period, temporarily hitting $3.53. This marks a significant fall of over 60% from its peak of $9.76 just two days earlier. đ
Looking at a broader timeframe,
$HIGH is down more than 50% in the last week alone. This sharp decline is alarming for many investors. Reports indicate a potential scam involving Korean traders. đ€Ż
The official statement from
#HIGH coin owners attributes the crash to a scam by Korean traders. Reports suggest that these traders held over 60% of the total HIGH supply and sold 60-70% of their holdings, causing the massive drop.
With Korean investors still holding 20-30% of the remaining supply, there are concerns about further declines if they decide to sell off their remaining holdings. The price could potentially drop to around $1.20.
For those still holding HIGH coin, it's crucial to reassess your position. Given the volatile situation, holding might be advisable if you're at a loss, but proceed with caution.
Stay tuned to Al Crypto for more updates and insights on the cryptocurrency market. Stay safe and informed! đ
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