After 50% hike in Two weeks, Matic dropped 70% in Minutes

[lousie9]

as I said before about new coins is far more risky for investment and trading. especially with MATIC coins, you should have known when they experienced a sharp increase of up to 180%. and that is a warning. I mean this, if there is a price increase outside the estimated limit then you immediately sell it. No need to wait long to play coins like that, and sorry you might have passed the best moment.

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[LouVandetta]

Despite from having a massive dump, after that the token has gained quite the pump and dump scenarios. Looks like someone is behind the massive dump to create a classic movements, which is pump and dump coin/token. Some news even said that the team themselves was the one who were selling a big amount of the tokens at one time, which made the price down to earth, literally.

I've been seeing people telling me to buy matic now, enjoy the moment and grab the profits while you can. Well. No thank you, aside from I'm afraid that the panic sell is likely to happen again, I'm not that brave enough to join such a high risks coin/token.

[lighpulsar07]

Well that's happens when a shit coin enters pump and dump i suggest that avoid this kind coins since it may not recover anymore and this will lead to huge losses in investors and to those still believe with this coin, i think you should sell this before it finally dies a lot of pump and dump coins are already dead and removed in exchanges.

[meldrio1]

That's will happen if the price of a coin pump expect the dump price will happen anytime. Lucky those investors who sold their Matic early, what a big profit.

[leea-1334]

Flash crashes happen all the time,,, I think Ethereum actually has the record for the flash crash. I do not recall the platform but I believe 99% drop happened and a lot of people lost their money (this is problem of software and bugs). Hence the name flash crash, because it happens in a flash.

Anyway now is 0.016 so I guess we can also say it has risen 33% from the crash price.

[albrots]

Matic is a good token and I have had it and made a lot of profit for me. But when matic drops up to 70% as it is now, it will be very bad. There must be some problems that are happening or there are greedy people on their team. This is not good for matic. But this is also an opportunity for traders to buy matic at low prices.

[Xardasim]

Well that's happens when a shit coin enters pump and dump i suggest that avoid this kind coins since it may not recover anymore and this will lead to huge losses in investors and to those still believe with this coin, i think you should sell this before it finally dies a lot of pump and dump coins are already dead and removed in exchanges.

Matic was one of the potential altcoins that had recently been sold in Binance, and this type of fall was an unexpected change. This shows us that we should not even trust Binance. Well if an exchange like Binance didn't know that Matic was a pump-dump coin, how could the majority know? Or Binance was aware of it and shutted up for profit.

[Tipstar]

Just a Classic pump and dump strategy. It's not totally necessary the team members be involved in the activity as matic is an old and good project. This could have totally came from whales. But investors should remain cautious from any coins that does these frequent pumps and dumps.

[anog]

The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.

This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.

Source: TheCoinRepublic

This is not a terrible history in the crypto space, the MATIC decrease is nothing compared to NXT at that time.

NXT is worse and until now the coin feels dead to me, we have to be prepared with everything on the exchange and that's why we all need to check and agree to the agreement when registering on the exchange.

[romanij]

Well that's happens when a shit coin enters pump and dump i suggest that avoid this kind coins since it may not recover anymore and this will lead to huge losses in investors and to those still believe with this coin, i think you should sell this before it finally dies a lot of pump and dump coins are already dead and removed in exchanges.

Matic was one of the potential altcoins that had recently been sold in Binance, and this type of fall was an unexpected change. This shows us that we should not even trust Binance. Well if an exchange like Binance didn't know that Matic was a pump-dump coin, how could the majority know? Or Binance was aware of it and shutted up for profit.

Most likely Binance knew perfectly well that this would happen. Therefore, after this incident, the exchange said that the developers are not involved in this and in addition said that they will manually control the price reduction. This makes doubt all the principles of this exchange. Matic very much brought down its price and if in the near future the price will not recover and will continue to decline then this project will be a certain Scam and most likely we will need to think about cooperation with the Binance exchange.

[cotton ball]

The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.

This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.

Source: TheCoinRepublic

Today matic have been in lower price and not trusted with this altcoin again, I am lucky because I have sell with higher price and not interested for buy back because price looks very down and not profit again for investing with Matic, I think this coin become most failed after list with IEO although on bigger exchange like binance and have lower price after listing.

[Vishnu.Reang]

ROFLMAO. What makes this any different from all the pump-and-dump tokens we had in 2018 and 2019? Now let me recount what happened to MATIC this month:

The pump starts at $0.014
The peak valuation is attained, at $0.042
Massive dump occurs, with 24-hour trade volume clocking at $350 million
After the dump, the price gets back to the pre-pump levels ($0.013)

During the past 3 years, I have seen dozens of similar pump-and-dump cycles. So this doesn't surprise me anymore. Many congrats to the promoters, who managed to dump their tokens at a healthy rate!!!

[shinratensei_]

The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.

This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.

Source: TheCoinRepublic

Today matic have been in lower price and not trusted with this altcoin again, I am lucky because I have sell with higher price and not interested for buy back because price looks very down and not profit again for investing with Matic, I think this coin become most failed after list with IEO although on bigger exchange like binance and have lower price after listing.

Im not sure when you are saying today because of the speculators are still betting on matic to do another recover again.  we will see what will be happening if there will be another false dump again from the team. People must learn from what they have seen from the market. If they are not learning from the past experience and what makes them wanna learn again about that just waiting for the next dump. The team is actively sending the tokens to the market.

It will be the next fail token but not for this time. The team needs to dump more and more tokens before they can buy lambos.
this scheme just like a ponzi.

[joshua123]

That's will happen if the price of a coin pump expect the dump price will happen anytime. Lucky those investors who sold their Matic early, what a big profit.

That's why IEO token should have a restriction, I think STO or investment related is more stable than trading plain utility tokens. People already know that trading is very risky and this kind of crash is inevitable. If I can be able to join in launchpad I will sell it at peak and never try to find bottom sink to enter again, chance it will stay at the bottom and never recover.

[Itsmylife]

That's will happen if the price of a coin pump expect the dump price will happen anytime. Lucky those investors who sold their Matic early, what a big profit.

That's why IEO token should have a restriction, I think STO or investment related is more stable than trading plain utility tokens. People already know that trading is very risky and this kind of crash is inevitable. If I can be able to join in launchpad I will sell it at peak and never try to find bottom sink to enter again, chance it will stay at the bottom and never recover.

who can control greed who can know when is the peak to sell their cryptocurrencies. People often buy late and sell late, which is called high buy and low sell.
IEOs are always good if we buy before they are opened their trading assets.

[Dickiy]

in my opinion the 70% decline in metic was affected by the BITCOIN market which was so active that investors dumped it to choose to move their funds to another bank but behind that metic had managed to touch the highest price.

[drlukacs]

The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.

This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.

Source: TheCoinRepublic

After that sell-out, CZ confirmed that it was not because Matic's team did this. The sell-off was done by a group of whales and caused the price of the matic to plummet, which proved everything was in the plan. many people had Long matic that night and the next morning the account was empty. Therefore, in this crypto market, we must be careful and never be all in any coin, risk always lurks us.

[kodtycoon]

the decline is still related to the trend that is happening and i think it is not something that is surprising anymore because anything is very possible to happen and with a large decline but at least MATIC can still survive until now and will definitely recover again when the trend becomes more positive

[Dickiy]

The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.

This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.

Source: TheCoinRepublic

After that sell-out, CZ confirmed that it was not because Matic's team did this. The sell-off was done by a group of whales and caused the price of the matic to plummet, which proved everything was in the plan. many people had Long matic that night and the next morning the account was empty. Therefore, in this crypto market, we must be careful and never be all in any coin, risk always lurks us.

whales really play a role in any market, they release it because the whale takes an advantage or anticipates losses and there are even some whales whose purpose is to damage the market but that rarely happens to famous coins.

[Ferris419]

Matic is doing bad things actually, huge manipulation they are doing now. I sold out my all coins and moved on Burn and One. 70% drops in a couple of minutes indicate a huge loss for the investors. Mid core investors are affecting for such manipulation where whales are filling their bags. I never thought Matic would be such a pump dump coin.