The market value of the meme coin CLAWSTR dived 95% in one day, and several profitable addresses left the market yesterday

Comparative news, according to GMGN monitoring, at 8 o'clock today, the market value of the base ecological meme coin CLAWSTR dived 87% in a short period of time. Compared with yesterday's high, its cumulative decline has reached 95%. The current market capitalization is only about $900,000, and the 24-hour decline is 90%.

According to the data, in this round of sell-off, a number of early buyers and addresses that had obtained profits chose to clear their positions at a loss. Among them, trader address 0xdc5 bought a total of 175,000 US dollars in positions when the market capitalization rose to 13.5 million US dollars, and once recorded a floating profit. Eventually, after the loss increased to 70%, they cut the balance and left the market, recording a loss of about 124,000 US dollars. In addition, addresses such as 0x090 and 0xca6 all left the market at a loss during this decline after early purchases or pullbacks to increase positions.

The meme was co-issued by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason. As a community-supported token for Clawstr.com, it rose sharply to a market capitalization of $1.9 million yesterday.

Users are reminded that meme coin transactions are highly volatile, mostly dependent on market sentiment and conceptual hype, and have no actual value or use cases. Investors should be aware of risks.