FOLKS: A 24x "S2 Incentive" Roller Coaster

If you want to know how intense a market reaction can be from a piece of news, take a look at $FOLKS . This cross-chain DeFi protocol on Algorand had previously received little attention.

The turning point was on December 9th, when the official announcement of the S2 Incentive event was released, causing the token price to skyrocket from under $10 to nearly $47 in just 5 days, achieving an almost 24-fold increase from its low.

However, this frenzy driven by a single event did not last, and the price quickly dropped about 80% afterward. It demonstrates how short-term hot spots can be greatly amplified in a quiet market, but the subsequent rise, lacking sustained fundamental support, often resembles a meteor.

For such cryptocurrencies, news is both a lifeline and a siren of risk.