The market capitalization performance of a certain new project after its launch can be described as a textbook roller coaster. It soared to a high of $186 million yesterday, but the next day it fell below the previous low, now stabilizing around $117.5 million. From peak to trough, less than 24 hours passed, with a decline of over 37%.

Such rapid fluctuations are not uncommon in the crypto market. In the early stages of a new project, liquidity tends to gather and sentiment drives the market, but once the hype subsides or certain technical pressures emerge, the market quickly adjusts expectations. Investors holding these types of projects should now be considering their strategies—whether to cut losses and exit or to hold and wait for a market rebound. The volatility of crypto assets is always a double-edged sword, with opportunities and risks often coexisting.