CLAM coin dropped 72% in less than 3 hours! What happen ? any NEWS.

[suvo05]

I have seen CLAM coin just doing excellent . Despite of all altcoin falling it was quietly increasing. But it suddenly dropped 72% of its price. What have happened? Mass correction to its value? Or anything else? . It's a time to buy the coin?

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[coyote50]

somebody is dumping. time to buy

[JCNC]

Isn't CLAM just a crapcoin in general? What are they working on?

[renes]

Isn't CLAM just a crapcoin in general? What are they working on?

They are working on any technical or irrelevant developments that can provide this coin a hype and market volume, so holders can sell their trash coins for bitcoin and ethereum.

[Mich77]

Margin calls?

[layoutph]

Yup must be a huge whale who margin traded this coin. Buy now, remember. Anything that dump so hard in a short period of time will go up fast.

Margin calls?

[Red-Apple]

i have no interest in Clams or any altcoin these days that bitcoin is rising, i believe they are very risky investments right now. but if you are sure it has dropped 72% and you can't find any news about it like a bug in the code, a hack, some kind of reasonable big dump,... then it is a good time to buy.

usually the dumps like that have a perfectly good reason though. for example if they coin was pumped last week to 200% then a 72% drop is perfectly reasonable now and it won't be a good time to buy.

looking at the charts i can not see any sign of any kind of pump. so there must be another reason. and since Poloniex has the lowest price with the highest volume it is possible that some whale dumped the shit out of it to margin trade.

[European Central Bank]

Clam is pretty much the only alt actually being substantially used.

The fact that it's used by one place, albeit a significant one, is dangerous.

It's not a coin i pay much attention to but it shouldn't be dismissed.