INIT lost more than half its value in a day. Let me say that again: more than half.
$INIT is at $0.1116, down 58.4% in 24 hours, on $39.1M of volume. And it is still falling — the last few hours keep making new lows, with no bounce yet.
This is the other side of the morning's story. The token spiked to $0.395 yesterday while its chain was switched off. Today it is sitting on $0.1105, its low of the day.
The round trip tells the story: high $0.395, now $0.1116. That is about 72% wiped off the top in a day.
A big drop is not automatically a buying opportunity. A halted chain with a second exploit in three weeks is a reason to be very careful.
Not financial advice. Did anyone here catch the top, or get caught in it?
#INIT #Crypto #Binance
$INIT is at $0.1116, down 58.4% in 24 hours, on $39.1M of volume. And it is still falling — the last few hours keep making new lows, with no bounce yet.
This is the other side of the morning's story. The token spiked to $0.395 yesterday while its chain was switched off. Today it is sitting on $0.1105, its low of the day.
The round trip tells the story: high $0.395, now $0.1116. That is about 72% wiped off the top in a day.
A big drop is not automatically a buying opportunity. A halted chain with a second exploit in three weeks is a reason to be very careful.
Not financial advice. Did anyone here catch the top, or get caught in it?
#INIT #Crypto #Binance