A trader executed a full position dump of 7.18 SOL on Asteroid at 57K market cap right after bonding, causing immediate copy-trading cascades. The token subsequently crashed to 34K—a brutal -45% collapse triggered by the coordinated sell-off.



This incident highlights how concentrated influence in trading communities can amplify volatility. When whale-tier traders liquidate positions immediately post-launch, retail followers rushing to replicate the exit can accelerate downside pressure and wipe out newer participants. The swift reversal from peak to trough demonstrates the risks of concentrated trading activity and herd behavior in emerging token launches on platforms like Asteroid.
SOL-0.56%
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BearMarketSurvivorvip
· 01-08 05:30
It's the same old trick again—big fish dump, small fish catch the knife. From 57K to 34K, a -45% drop. Once this data comes out, it's clear—position management was not done well, it's a matter of life and death. Those following the trend are even worse off, with no supply line at all.
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CoffeeOnChainvip
· 01-08 04:57
Big whales dump the market, and the retail investors follow suit and get wiped out. This move is very typical.
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ZenChainWalkervip
· 01-08 04:57
It's the same old trick again—big players dump the market while small investors run away. How many times does this have to happen before people learn?
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tx_pending_forevervip
· 01-08 04:54
Big whales dump the market, and all the retail investors get slaughtered. This is the daily life of Web3.
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ImpermanentPhobiavip
· 01-08 04:47
It's the same old trick again, with big players dumping and follow-up traders all getting wiped out.
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WagmiAnonvip
· 01-08 04:27
Another old trick: big players run away, retail is left at the bottom.
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