Regarding $collectustd, after the initial surge, it has experienced a sharp decline today. Is this a fluctuation wash or has the market maker's inventory been fully sold off? The recent pump had no logical reasoning, and the volume wasn't significant. Today's drop was expected, and I believe it will continue to fall 📉
It has high volatility characteristics: COLLECT is a typical high beta asset, which experienced dramatic fluctuations in early February, having been cut in half from its peak before doubling again. It is not suitable for heavy positions or high leverage operations.
At the same time, be aware of its liquidity risk: Compared to mainstream coins, its depth still has room for improvement, and large buy/sell orders can easily cause sharp price drops in a short time.