$STABLE Don't try to catch the bottom! After reading this, you'll know this market can't be touched.
Recently, $STABLE has been dropping sharply, and many people are eager to catch the bottom and pick up bargains. But I've looked into its fundamentals, and the more I see, the more I feel this pit should not be stepped into.
First, let's look at the market capitalization, over 200 million dollars, which seems inflated in this market environment. What's worse is that this market cap is built on a large number of tokens that have not been unlocked. Once the unlock wave comes, tens of millions or even billions of tokens will flood the market, supply will surge, demand won't keep up, and the price will be directly pressed down.
Next, look at the exchanges; mainstream and niche ones have already completed their launches, and there's no hype from new exchanges coming online. Without new traffic and new topics, the imagination space for this token will drop to zero, and the price is likely to go down all the way.
High market cap + significant unlock pressure + no speculation space, given this trend, it's not surprising if $STABLE falls below 1 billion dollars. The logic for shorting it is much stronger than trying to catch the bottom.
