$X has seen a 12% dip in the last 24 hours as MultiversX announced a probe into a potential mainnet issue, with a promise of another update within 12 hours. The move follows a 3.4% decline in on‑chain activity, with daily transaction volume falling from 1.2M to 900k. Smart money is already reallocating, as institutional wallets have sold 8% of their holdings in the past 48 hours, while retail traders are piling into short positions. #CryptoAlert #X #DeFi

The investigation comes at a critical juncture: $X is currently trading near a 20‑day moving average at $0.48, and the 50‑day average sits at $0.52. If the issue is confirmed, we could see a 15–20% correction before a potential rebound. Traders should watch the 0.45 support level; a break below could trigger a further 30% slide. #MarketWatch

What will the next 12 hours reveal about $X’s resilience?