$PROM This coin is seriously bizarre! It’s up sixfold in six months, and now it’s getting hammered again?😂

I just took another look at PROM’s price action.

It was still below $1 at the end of March, but had surged to around $6 by the end of September.

Then on October 6, it was dumped straight from $6.15 to $5.07.

Intraday on October 8, it plunged as low as $4.89.

That was quite a run-up, and the sell-off on the way back down has been just as brutal.😂

📊 A few data points together:

🚀 March 29: approximately $0.953

🔥 September 25: approximately $5.99

🔻 October 8 low: $4.889

💰 October 10: approximately $5.30

📈 24H trading volume: approximately $24.06 million, up 91.74% from the previous period

🐋 The futures market is even more dramatic.

On October 1, PROM futures OI was still approximately $21.12 million.

By October 9, it had fallen to approximately $11.13 million.

As the price fell, open interest also declined.

A significant amount of the leveraged capital that rushed in earlier has indeed exited.

🤖 The project itself does have some substance.

PROM is currently focused on zero-knowledge proof L2 technology and is also tied to the AI Agent narrative.

Its previous expansion through South Korea exchange-related channels also brought it some attention.

However, no particularly clear project-specific negative catalyst has emerged in this round of decline.

💀 Now let’s look at the token distribution.

A recent CoinMarketCap analysis noted that the top 100 addresses hold more than 97% of the token supply.

This includes exchange and custodial addresses, so it cannot be directly treated as holdings by market manipulators.

Still, that level of concentration is quite alarming.

It is now churning around $5, while $6 above remains a previous high.

Are you still holding, or have you already cut your losses?#CRCL领涨加密股