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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.