CandleFocus

Here’s Why Investors Are Revenge Shorting This Meme Coin Even After 30% Crash

The recent crypto market downtrend has caused meme coins to lose over $10 billion in total market cap. Despite a 30% crash in the SPX6900 (SPX) meme coin, traders have been opening short positions instead of taking advantage of the dip to enter long positions. The reason for this is yet to be explained.

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