$BEAT :After the explosive surge, it's a mess everywhere

At the end of July, it was violently pumped from $3.8 to $4.7. Now it has fallen back to $0.22—a drop of over 95%. Surging comes from narrative; falling comes from reality.

Reasons for the explosive surge

• Massive unlocks trigger a rebound: On August 1, 21.25 million tokens were unlocked. The market expected a collapse, but instead it surged against the trend—big players used the panic to accumulate

• Deflation narrative: The platform’s revenue uses 99.8% for buybacks and burns; cumulatively, over 17.8 million tokens have been destroyed. The story of “the more you use it, the more scarce it becomes” is very compelling

• Boost from AI + institutions: The Agent Economy roadmap was released, and support from whales pushed it up to $4.7

Reasons for the plunge

• Flood of supply: From August 17–20, whales net-sold 22.85 million tokens (nearly 24% of circulating supply). Tokens kept flowing into exchanges

• Total breakdown of support: Price is far below all moving averages, and the daily chart is fully in a bearish configuration

What to watch next

• Pessimistic view: The trend is downward. With support fully broken, it may continue to drop toward $0.12

• Optimistic view: The fundamentals (real revenue + burn mechanism) haven’t changed. We need to wait for the price to climb back above $0.244 (EMA30) and see a volume-confirmed breakout

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