Meme Coin CLAWSTR Market Cap Plummets 95% in a Day, Investors Rush to Cut Losses

CLAWSTR Market Cap Sees Sharp Decline

According to monitoring data, on February 5 at 8 AM, CLAWSTR, a meme coin within the Base ecosystem, experienced a sudden 87% drop in its market cap. Compared to yesterday's peak, the cumulative decline reached 95%, with the current market cap hovering around $900,000 and a 24-hour drop of 90%.

Early Investors Rush to Cut Losses

Data reveals that multiple early adopters, who initially benefited from gains, decided to liquidate their holdings at a loss during this sell-off. For instance, trader address '0xdc5' had invested $175,000 when the market cap reached $13.5 million and once enjoyed floating profits. However, as losses widened to 70%, the investor opted to exit, resulting in a loss of approximately $124,000. Similarly, addresses '0x090' and '0xca6' also chose to exit amid losses.

Caution Advised Amid Lack of Real Value

Launched by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason, CLAWSTR was designed as a community-supported token for Clawstr.com. Yesterday, it soared to a market cap of $19.9 million. However, meme coins are inherently speculative, driven largely by market sentiment and hype, often lacking tangible value or use cases. Investors are advised to remain cautious.