TOWNS Crypto Plunges 50% Amid Whale Sell-Off and Retail Exodus

Towns [TOWNS] suffered a dramatic 50.79% collapse from its all-time high of $0.088 to $0.035 within 48 hours, with only a slight recovery to $0.039 at press time. The token's market capitalization evaporated from $163 million to $86.3 million as whales orchestrated a coordinated dump.

Nansen data reveals top holders aggressively deposited 525.05 million TOWNS onto exchanges—a 2.6 billion percent spike in exchange balances—while withdrawing just 8 million tokens. This sell pressure triggered a cascading effect as retail traders joined the exodus, exacerbating the downward spiral.

Futures market indicators suggest further downside risk remains. The violent correction underscores the vulnerability of low-liquidity altcoins to concentrated sell pressure, particularly when early backers exit en masse during price peaks.