🧠 What happened with SIGN?

In short;
What happened with SIGN was not
random, let's understand it sequentially.

1) News of "Listing" Kraken

The news of the currency listing on the Kraken platform (one of the medium platforms in crypto) was circulated,
and it is usually considered a positive news for the market.

2) What happened?

Before the official news came out, there was a leak among some people
and some took advantage of this situation:
• They informed others very quickly
• Many people bought the currency 👈 (greed)
• The price rose a little from 0.02570 to about 0.02710

• The price from 0.02570 to 0.02710 is not considered much because observers
noticed the operation.

3) After 3 hours from the news:

What did the people who bought before do?
• They said: "Great, we made a profit" (quick and direct profit)
• And they all sold at once

4) The result:
• Very strong selling
• The price dropped very quickly (reached about 50%)

The market value of any currency is not money inside a vault,
it is the result of the last buying and selling operations.

In simpler terms:
The price is determined by what buyers and sellers do at the current moment, not by the currency's history.

Especially for currencies outside the top 10:
Their movement is fast and sensitive to news more than being stable, most of them are in a state of daily fluctuation regarding news.

If the market situation changes a little, I might give my opinion (numerically) about SIGN.

But stay informed
What might happen can be a double-edged sword and your cleverness is the difference.