How to judge extreme big pumps and big dumps of this type of coin, for example: $ALPINE



Earlier this week, it rose by 190%, but then it suddenly reversed, forming a typical pump and dump. Today I checked, and it has fallen about 73.65% in the last 24 hours, which has reduced the market cap to about 33.17 million USD. The trading volume reached 715 million USD in the last 24 hours, with extremely high volatility and active leverage trading.

Tokens like ALPINE are fan tokens that are highly dependent on community sentiment and the excitement of F1 events, rather than fundamental value.

The main reason for the recent big dump:
Leverage liquidation: a large number of long positions were liquidated, totaling over 2 million USD. Profit taking: after short-term speculation, most quickly sold off to lock in profits.
Insufficient liquidity: Small-cap tokens are easily affected by large orders, amplifying price fluctuations.
Market sentiment: The overall cryptocurrency market is in a pullback, and the F1 season break has reduced the speculative momentum.

It is normal for fan tokens to be highly volatile, making them more suitable for short-term speculation rather than long-term holding. Never use full leverage.
ALPINE0.08%
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