Red Flags in the Altcoin Space: Tokens Plunge Over 40%

Red Flags in the Altcoin Space: Tokens Plunge Over 40%



In the midst of the bearish trend affecting the altcoin market at the beginning of the new year, a crypto analyst has identified a notable pattern in the downward movement of certain tokens within a specific category.



In a recent tweet, VIKTOR, the crypto analyst, drew attention to an insight from the market turbulence on January 3, humorously referred to as "liquidation day." VIKTOR highlighted that while most altcoins saw a substantial downturn of around 30%, he observed a distinct trend among specific tokens that experienced even more significant drops.



Specifically, VIKTOR pointed out that high-profile coins like BIGTIME, Pyth Network (PYTH), MEME, TOKEN, Worldcoin (WLD), and Jito (JTO) displayed substantial red candles with declines exceeding 40%.



According to VIKTOR's analysis, what distinguishes these tokens is their


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#Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

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