"Instant Success" briefly plummeted by over 30%, prompting some traders to switch their positions to "I'm Coming!"

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According to Mars Finance, on January 8th, GMGN monitoring showed that at 3 PM today, following the significant price increase of "I'm Coming!" after its listing on Binance Alpha, the price of "Success Upon Arrival" token experienced a noticeable drop of nearly 30%, reaching a low of $0.001. It has since recovered to around $0.0012, with a market capitalization of approximately $1.22 million. Furthermore, in the past 24 hours, addresses (0x443) and (0xf88) ranked fourth and fifth on the "I'm Coming!" buy list, and address (0xad8) ranked sixth on the "Success Upon Arrival" sell list, both conducted position-swapping operations during or before the Alpha listing. Specifically, address (0xad8), after converting some of its holdings into "I'm Coming!", purchased approximately 1.66 million tokens at a high of $0.0057, and this position is currently showing a floating loss of approximately 26%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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