Crypto.com Chain
$0.03793 0%
CRO · 1w

anatomy of the 20% crash

The collapse in cro price was driven by 3 mega sales of about 15 million CROs each. first one was a few hours after the announcement in fall in rates (15c -> 14.75c) second one was a day later (14.6c to 13.8c) the announcement by kris of increase in rates didn't help much (13.8c -> 14c) followed by this weekend's mega plunge of 13.4c -> 12.16c and counting.... by far, the impact of this weekend's crash (with very few buyers) could be intentional and timed for maximum negative impact (this is completely a speculation), but the damage has been massive. There will be very little buying from the next few days, but sellers should be on standby for any explosive good news from the AMA, failing which.... ​ ​ https://preview.redd.it/w18aqyn5out51.jpg?width=1580&format=pjpg&auto=webp&s=34675671fa3d2e61b8177b7f1488db418d54cbe6
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