$LUCE Fall

Event:

A comparatively serious memecoin $LUCE has shown negative dynamics over the past 24 hours. The capitalization of the memecoin fell to $11.6 million, and in percent -34% over 24 hours. Latest growth of $LUCE couldn't show long-term potential, after which the token began dumping regularly.

Dump analytics:

Recently, we reviewed this token, today we are doing it again. Studying the token chart, we noticed that dumps can be caused by large holders of this token, because the first place in this list has as much as 16%, which is really significant for the price. Top 10 owners possess 49% of tokens in total. We do not exclude the factuality that some of those holders might be owners of this project, they can slowly extract profit from their project by withdrawing money from others and dump the token gradually.

Reaction from the community towards the dump:

Despite all the adverse situations that have arisen surrounding $LUCE, the community does not lose hope and is still optimistic about the other growth potential of the memecoin. Their belief certainly has the potential to push the token up, but the issue lies in how rapidly it will be able to. Nonetheless, the pump of $LUCE requires the support of both the community and the developers working on it, and only after that is there potential for growth success.

Conclusion:

The current realities of $LUCE are deplorable, so we would not advise you to buy this token for a long time, its strongest dump can happen at any moment, after the sale of the bulk of tokens. We continue to monitor the events around $LUCE.

This article is not financial advice!