I just looked at $IDOL and almost threw my phone—its 24-hour performance slashed it by nearly one quarter, dropping from 0.0254 to 0.0140. This isn’t an idol, it’s like the bankrupt male lead from an idol drama.

In simple terms: if you had $IDOL in your hands, yesterday your 100 yuan would be only 76.5 yuan today. Trading volume is still at $86 million, which suggests there are plenty of buyers and sellers, but the sellers are clearly hitting harder. This drop doesn’t look like a simple pullback—it looks like a coordinated sprint.
My move: now, around 0.0150 is not a good time to bottom-fish unless you’re ready to be the sacrificial cannon fodder. If you’re trying to bet on a rebound, wait until the price holds above 0.0160 before considering a small position entry, with a stop-loss at 0.0135. The goal is to see whether it can get back to 0.02—if it can’t, don’t stubbornly hold.
As for staying in cash: my suggestion is to observe first, and wait until this long red candle has been digested.
This kind of selloff feels like your friend suddenly leaving a group at midnight—maybe it’s not truly over, but the vibe in the group is definitely off. If you don’t get it, ask in the comments section.