According to GMGN monitoring data, on January 21, the popular meme coin '1' on BSC chain showed significant downward movement starting from 11:00 AM. The price dropped from around $0.0164 and continued falling for three hours, hitting a low of $0.0064. The price then slightly rebounded and currently stabilized around $0.0079, with a total market cap of about $7.9 million.
Whale Holding Cost Analysis
Further data revealed that the average purchase price of the top 100 holding addresses was approximately $0.0066, accounting for 61% of the total circulating supply. The top 10 major holders had an average cost of about $0.00787, holding around 24.5% of the total supply, with some large holdings concentrated near the current price level.
Influencers Facing Unrealized Losses
Notably, several well-known holders have not reduced their positions yet, but most are now facing losses due to the price drop. Market analysts suggest that short-term price fluctuations might be closely related to whale movements and market sentiment changes, urging investors to exercise caution with such highly volatile assets.