"Instant Success" briefly plummeted by over 30%, prompting some traders to switch their positions to "I'm Coming!"
AI Summary1 min read
TL;DR
Following 'I'm Coming!' listing on Binance Alpha, 'Success Upon Arrival' token dropped nearly 30% to $0.001, recovering to $0.0012. Traders swapped positions, with one address buying 'I'm Coming!' at a high and now facing a 26% loss.
Tags
我踏马来了cryptocurrencytoken price dropBinance Alphaposition swappingmarket volatility
According to Mars Finance, on January 8th, GMGN monitoring showed that at 3 PM today, following the significant price increase of "I'm Coming!" after its listing on Binance Alpha, the price of "Success Upon Arrival" token experienced a noticeable drop of nearly 30%, reaching a low of $0.001. It has since recovered to around $0.0012, with a market capitalization of approximately $1.22 million. Furthermore, in the past 24 hours, addresses (0x443) and (0xf88) ranked fourth and fifth on the "I'm Coming!" buy list, and address (0xad8) ranked sixth on the "Success Upon Arrival" sell list, both conducted position-swapping operations during or before the Alpha listing. Specifically, address (0xad8), after converting some of its holdings into "I'm Coming!", purchased approximately 1.66 million tokens at a high of $0.0057, and this position is currently showing a floating loss of approximately 26%.