Meme Coin CLAWSTR's market cap plummeted 95% in one day, with multiple profit-taking addresses from yesterday cutting losses and exiting.

ChainCatcher Message: At 8:00 today, the Base ecosystem Meme coin CLAWSTR experienced a short-term plunge of 87% in market capitalization. Compared to yesterday’s high point, its total decline has reached 95%, with a current market cap of only about $900,000. Over the past 24 hours, it has fallen by 90%. Data shows that during this round of sell-off, multiple early investors who had previously realized unrealized gains chose to cut losses and liquidate. Among them, trader address “0xdc5” had accumulated a $175,000 position when the market cap rose to $13.5 million and initially recorded unrealized gains. Ultimately, after unrealized losses widened to 70%, they sold off at a loss of approximately $124,000. Additionally, addresses like “0x090” and “0xca6” also bought early or added to their positions during the pullback, and exited at a loss during this decline.

This Meme coin was jointly issued by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason. As a community support token for Clawstr.com, it surged yesterday to a market cap of $19.9 million. ChainCatcher reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks intrinsic value or practical use cases. Investors should be cautious of the risks.