#我在Gate广场过新年 The token price has plummeted, everyone!

As expected, coins live up to their name—ZAMA, smash or not? Smash!
The community has been suffering from ZAMA for a long time. Finally, they can't stand ZAMA's PUA anymore and have started a collective strike. Actually, I've been waiting for ZAMA to rally strongly and run away, but unfortunately, no opportunity was given.
ZAMA went from $0.11 down to $0.022, a 80% drop. Look at the neighboring sent, ZAMA looks like the project team has run away, but actually it's the market killing the valuation.
I thought there was a large token unlock, but it just launched recently. A careful analysis shows this decline is purely due to structural collapse caused by high FDV and low circulating supply. The circulating supply is only 20%, and the fully diluted valuation is in the tens of billions. Slight loosening of early chips caused the contract longs to become fuel.
In 24 hours, nearly 440,000 longs were liquidated, with funding rates negative to -1.89%. The short side is extremely crowded, causing the longs to be trampled and triggering a chain of liquidations.
Moreover, the RSI is only 19, and the lower Bollinger Band has been broken through—typical panic selling. The $430 million trading volume is all bloodied chips changing hands.
This is already extreme oversold. Do you think it hasn't dropped enough and should continue to wait, or are you ready to enter the market for a rebound? This time, my own blood has been taken too! $ETH ‌$ZAMA ‌