Event:
One of the biggest memecoins $BUTTCOIN continues its dump that started on April 13. The holder community of this memecoin is extremely displeased. In the last 24 hours, $BUTTCOIN has dropped by 30%, and the holders are declining by the hour.
In-depth analysis of the dump:
Studying all possible resources of this token, our analysts have not found a single harbinger of a dump, not a single bad mention from other people about $BUTTCOIN over the past few days. So, why did the dump occur? It's all much simpler than you think! The reduction in holders and the huge dump of tokens were most likely caused by the token having lost its usability. $BUTTCOIN has been in the meme market for a long time - 2 months and 15 days, and as we know, memecoins' volatility is very high. Most likely, people just lose faith in further growth of this token and sell, thereby creating a panic sale.
Other possibilities of $BUTTCOIN:
Looking at the situation from all sides, our analysts also think that it is possible that $BUTTCOIN will once more head to the Olympus of memecoins, but for this, the team of this token is sure to make some significant statements that can affect the price. At present, everything is moving towards a further drop in the price of $BUTTCOIN and the end of existence.
Might this dump be an ideal starting point?
Despite a similar situation that occurred on February 6, the token was strongly dampened and after a while it was able to grow, we would not advise buying this memecoin with the hope of future growth. Our experts do not see any zeal from the $BUTTCOIN team to restore the previous capitalization, accordingly, in 90% this will be the end of the life of this token.
This article is not financial advice!
