Event:
Yesterday, quite large project and team $PAWS listed on major exchanges, e.g.: Bybit, Bitget. On the background of this event, the community of this project actively began dumping tokens earned in the game. Over the past 24 hours , memecoin $PAWS fell by 32%.
Dump analysis:
Of course, this incident was expected, as it was expected by a huge number of people playing $PAWS. After listing, tokens began to be heavily sold by players who got $PAWS as a reward for their contribution to the project. Why did the steep drop happen? It's simple! People began attempting to quickly gain the maximum profit, thereby creating an intensive token dump, followed by a cosmic drop in token price.
Further realities of $PAWS:
Despite the truly negative result for the developers of this project, the capitalization of their memecoin is still huge, it amounts to $12.5 million, and the price is equal to $0.0001981. Considering all possibilities of how things can go, our specialists can assume that their project can start one more such season, but we are certain that the number of participants after such an unsuccessful launch will be times smaller.
Conclusion about $PAWS:
$PAWS is a very rare project that came under harsh criticism due to the small amounts received by the community. However, despite this, their team has very clearly demonstrated to everyone that they can and do know how to work like a well-oiled machine that can move the project forward in the future.
This article is not financial advice!
