FOLKS
Sharp Correction: FOLKS plunged over 75% from its $49 peak, driven by persistent, structural selling pressure and profit-taking.
Bearish Sentiment: Dominant bearish sentiment is confirmed by social media analysis, with technical indicators signaling a strong ongoing downtrend.
Speculative Frenzy: Despite the drop, derivatives volume hit $2.35B, indicating high speculation and volatility contributing to price swings.
Future Unlock Risk: Only 25.4% of the total supply is circulating, posing a significant long-term risk of selling pressure.
Sharp Correction & Bearish Trend
The price has fallen over 75% from its peak to ~$10.85, indicating a strong bearish trend.
Sentiment is negative, with risks compounded by high leverage and future token unlocks.
High Volatility & Social Buzz
Despite the price drop, FOLKS recorded $2.35B in derivatives volume, topping social activity charts.
Community opinion is sharply divided between bulls hoping for a bounce and bears anticipating further decline.
Launch Promotions & Trading
Past promotions included a token airdrop via Binance Alpha Points.
The FOLKSUSDT Perpetual Contract was launched on Binance, enabling leveraged trading up to 50x.
High-Risk Volatility Plays
Extreme volatility presents high-risk trading chances. Watch the $18-$20 resistance level for any potential short-term bounce.$FOLKS
