Derived from BitJie, the SOON token fell 26% on November 16, driven by short-seller dominance and liquidity outflows. Negative funding rates and a $6.29 million liquidity withdrawal indicate rising bearish positions ahead of a $32 million token unlock on November 23. A breakdown below $1.94 could extend the downtrend, while a hold above this level may temporarily stabilize the price.
SOON Token Plummets 26% Amid Short-Seller Pressure and Upcoming Unlock
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.