They got wrecked, pure and simple.
Looking at this TUTUSDT perp chart:
• It went from ~0.019 → parabolic spike to 0.337 (roughly 17–18x).
• Then it dumped hard. Current price is sitting around 0.098, which is already –70%+ from the high, and the 24h low was ~0.0955. Volume exploded on the way up and is still elevated on the way down.
Those who didn’t book profits
Greed + hope. They watched it go parabolic, refused to take anything off the table, and are now sitting on massive give-backs. A lot of these people turn into bagholders who keep averaging down or holding “because it will go back.” In these kinds of moves it rarely does quickly — and when it does, it’s usually after a much deeper flush.
Those who entered during FOMO
Classic late buyers. They bought the green candles near the top (or on the first big red candle thinking it was a dip), got trapped immediately, and are now underwater 50–70%+. These are the people who fuel the dump — when they start panic-selling, the cascade accelerates.
Those who didn’t use a stop-loss
This is the worst group. In a move this violent, price can gap or wick through levels in seconds on perps. Without a stop:
• Liquidation risk is real (especially if they were leveraged).
• Psychological damage is worse — they watch the position bleed and either freeze or keep adding, turning a bad trade into a catastrophic one.
• On a coin that just did a 17x then gave most of it back, the “worst” is often total account wipe or forced liquidation near the lows.
$TUT
This is textbook late-cycle behavior on a low-float / meme-style name. The people who survived (or made money) were the ones who had a plan: scale out on the way up, trail stops, or at least cut when the structure clearly broke. Everyone else is learning an expensive lesson about FOMO and risk management.
#SouthKoreaTopCourtProposesCryptoFreeze
Looking at this TUTUSDT perp chart:
• It went from ~0.019 → parabolic spike to 0.337 (roughly 17–18x).
• Then it dumped hard. Current price is sitting around 0.098, which is already –70%+ from the high, and the 24h low was ~0.0955. Volume exploded on the way up and is still elevated on the way down.
Those who didn’t book profits
Greed + hope. They watched it go parabolic, refused to take anything off the table, and are now sitting on massive give-backs. A lot of these people turn into bagholders who keep averaging down or holding “because it will go back.” In these kinds of moves it rarely does quickly — and when it does, it’s usually after a much deeper flush.
Those who entered during FOMO
Classic late buyers. They bought the green candles near the top (or on the first big red candle thinking it was a dip), got trapped immediately, and are now underwater 50–70%+. These are the people who fuel the dump — when they start panic-selling, the cascade accelerates.
Those who didn’t use a stop-loss
This is the worst group. In a move this violent, price can gap or wick through levels in seconds on perps. Without a stop:
• Liquidation risk is real (especially if they were leveraged).
• Psychological damage is worse — they watch the position bleed and either freeze or keep adding, turning a bad trade into a catastrophic one.
• On a coin that just did a 17x then gave most of it back, the “worst” is often total account wipe or forced liquidation near the lows.
$TUT
This is textbook late-cycle behavior on a low-float / meme-style name. The people who survived (or made money) were the ones who had a plan: scale out on the way up, trail stops, or at least cut when the structure clearly broke. Everyone else is learning an expensive lesson about FOMO and risk management.
#SouthKoreaTopCourtProposesCryptoFreeze
