Mask Network Sees Whales Trigger Volatile Pump-and-Dump—Just Another Day in Crypto
Mask Network's price chart just pulled a classic crypto rollercoaster—sharp rally, sharper drop—as heavyweight holders cashed out. No surprises here: whales feast while retail traders scramble for scraps.
Price action? A textbook pump-and-dump. The playbook? Older than Bitcoin's whitepaper. Yet somehow, the 'next big thing' crowd still falls for it every time. Maybe they'll learn after the next bull run... or the one after that.
Pro tip: When the so-called 'smart money' starts selling, it's not a dip—it's an exit strategy. But hey, at least the volatility makes for great tweet fodder.
Funding rate, MDIA, funding rate, whale holdings | Source: Santiment
Mask Network price technical analysis
The daily chart shows that the MASK price surged to a high of $3.7020 and then suffered a harsh reversal to $2.3300. It dropped below the key support at $2.50, the highest swing on April 1.
The Relative Strength Index tilted downwards, moving from a high of 80 to 54. Therefore, the token will likely continue falling as sellers attempt to MOVE below $2 and the 50-day and 200-day moving averages. Sustained selling may see it drop to $0.9475, the lowest point in April.
