Event:
Rather large memecoin by capitalization $KAPIBALA gets dumped quite heavily. Despite its recent origin, the token is already starting to lose relevance. It dropped 30% in value over the past 24 hours and reached a capitalization level of $7 million.
Why was the dump done?
After reviewing the specific case with this memecoin, our analysts didn't give us exact answers regarding why the dump occurred, but they suggested it would happened for the reasons given below: Death of the Pope (on the background of this event, most of the memecoins begin to drop, even the ones that have no connection to this event in any way.) or perhaps due to the token becoming irrelevant a short while after going live. In their account on the social network X, the $KAPIBALA team does not surprise their subscribers with anything, in fact, this also affects the loss of the number of holders.
Analysts of further events:
Our specialists believe that this dump is transitory, this is evidenced by the perpetual downfall and recovery of candles on the $KAPIBALA chart. Also, despite all things conspiring against the token, we believe that its potential is a lot bigger than it is right now, perhaps the token is rebalancing for some other more stable price.
Conclusion:
$KAPIBALA is a potential good memecoin. The situation with its dump does not mean that it will continue falling further. We are still watching the events with this token and its chart.
This article is not financial advice!
