Meme coin CLAWSTR's market value plummeted 95% in one day, with multiple profit-taking addresses from yesterday cutting losses and exiting

At 8 AM today, the market value of the Base ecosystem meme coin CLAWSTR plummeted by 87% in a short period. Compared to yesterday's peak, its cumulative decline has reached 95%, with the current market value at approximately $900,000 and a 24-hour drop of 90%. Data shows that during this round of sell-off, several early buyers who had previously made profits chose to liquidate their positions at a loss. Among them, the trader address "0xdc5" had accumulated a position of $175,000 when the market value rose to $13.5 million and recorded a profit at one point, but ultimately exited with a loss of about $124,000 after the unrealized loss expanded to 70%. Additionally, addresses like "0x090" and "0xca6" also exited with losses after early purchases or adding to their positions during the pullback in this downturn.

This meme coin was jointly issued by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason as a community support token for Clawstr.com, which had significantly risen to a market value of $19.9 million yesterday. ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and conceptual speculation, and has no actual value or use case, so investors should be aware of the risks.