Akita Inu Coin (AKITA) is a typical follow-the-trend MEME coin in the cryptocurrency space, born from the hype surrounding Dogecoin and Shiba Inu Coin. From beginning to end, it has no substantial technological support, practical applications, or commercial value, surviving purely on community sentiment and retail investor speculation.
At the launch of the token, the operating team exaggerated on social media with buzzwords like 'the next thousand-fold coin' and 'the new leader of animal coins,' creating a false sense of community consensus that attracted many retail investors eager for quick wealth. With the influx of retail funds, the price of Akita Inu Coin experienced a wave of irrational surge in a short period, allowing some early holders and promoters to quietly raise prices and sell off.
After the promoters completed their cashing out at high levels, the market lost financial support, and the coin's price subsequently began a steep decline, plummeting more than 99% in a short time. After that, the trading depth of the token continued to shrink, liquidity nearly dried up, and it ultimately became an unnoticed 'air coin,' with the vast majority of later retail investors facing substantial losses or nearly complete loss of their principal.
The collapse of Akita Inu Coin is a microcosm of the burst of the MEME coin bubble in the cryptocurrency space, also confirming that altcoins lacking value support are merely tools for promoters to harvest retail investors.
Bitcoin's bottom is near! 📉 Analysis shows $BTC price is hitting its mining cost floor (~$94k). When price meets production cost, it has historically sparked the next bull run. The data suggests a major shakeout of inefficient miners is underway. #Bitcoin #BTC #Trading $BTC #BinanceBlockchainWeek {spot}(BTCUSDT)
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🔥$FIL Consolidating, But I'm Spotting Some Bounce Potential
Price is chopping around in a tight range after the drop, overall still bearish vibe, but a few signs are hinting at possible short-term relief.
1. Volume: The sell-off to these lows came on pretty heavy volume (251M vs usual 50M average) → look like some capitulation. But the most recent candle? Volume collapsed to just 29K, which often signals the selling is getting exhausted.
2. Capital flows: Mixed bag here. Futures saw decent inflows over the last 12h (+1.2M), but longer-term (7d) still heavy outflows (-69.2M). Spot markets are net negative across all timeframes → retail demand is pretty weak right now.
$BTC 【Bitcoin is currently forming a standard round top structure】 The current price of Bitcoin is around 86500, and it is in the final stage of the right side of the round top, which means it will perfectly form at the 80000_82000 position. Looking back, see image 3: we already provided a tip on December 7th, and it is currently perfectly following the analyzed trend. #BTC #加密市场观察 (Like and follow for subsequent accurate analysis, scan the code to join the group, many benefits available)