[自动翻译] In brief
The 代币 dropped 15% to $0.03, reversing gains made after its launch earlier this week.
Order-book imbalances and declining cumulative volume delta indicate early sellers and new shorts driving the downturn.
The slide followed a 网络 spoofing incident even as the chain logged 150,000 users, 4.7 million transactions, and surging stablecoin flows.
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The native 代币 of the newly launched Layer-1 区块链, Monad, suffered further losses on Thursday amid volatility that has plagued the 代币 since its debut roughly three days ago.
The crypto is down 15% over the last 24 hours to $0.03 after dropping from $0.04 late into the U.S. 交易 session. It remains up 47% since its November 25 debut, thanks mainly to its solid rise from an opening 价格 of around $0.02, according to CoinGecko data.
Some signs point to early 代币 holders booking profits with a bid-ask delta indicator at 10% order book depth turning negative ...