Yesterday I warned everyone to not buy $COAI .
Today $COAI dumped over 50% from $0.72 to $0.38 📉.
People were excited after seeing 80%+ pump and was calling for $1-$2 level. But I knew that this coin will dump hard.
These coins don’t trade like normal projects. They trade on momentum, liquidity and whale activity. One short squeeze can send them up 70-80% in a day, and one round of profit-taking can erase days of gains in a few hours.
This is the reason that $COAI was once trading above $44 and then lost almost all of its value within few hours.
The interesting part is that COAI has now completed this same cycle multiple times. Big pump, massive attention, everyone starts talking about old ATHs and then it dump hard.
Most coins that crash 95-99% don’t come back to make new ATHs.
They just create one more pump, one more story, one more wave of FOMO, and then trap a new group of buyers.
That’s why I was careful on COAI yesterday.