Recently, there has been talk of altcoins among cryptocurrencies whose prices have suddenly dropped significantly. It seems that new ones have been added to them.
LUCE (LUCE), listed on major centralized cryptocurrency exchanges such as Bybit, MEXC, and Kucoin, lost more than 70% of its value in seconds. In addition, many memecoins on Bybit, including MANEKI, JELLYJELLY, and AIDOGE, are experiencing sudden drops. A major memecoin whale is suspected to have liquidated.
It is currently unknown if there is a specific reason for the declines. We will update the information as soon as clear information emerges.
On the other hand, the LUCE drop is much smaller than the recent Mantra (OM) drop. In the OM drop, approximately $5 billion was wiped off the market. LUCE, on the other hand, has a market cap of approximately $7 million.
*This is not investment advice.
