Kimchi's market cap is down more than 50% from its peak, and the top whale is sitting on over $50,000 in unrealized losses.
It's safer to wait for the price to pull back near a key level before reassessing than to chase in the moment the news breaks.
When bad news hits, everyone wants to sell. The bottom usually comes when few people are willing to buy.
$SOL , 24h -0.61%.