How does this crazy price action really work?

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Any currency, even a fiat one, has its own rate
 
bartosimpsonio said:
How can a crypto worth $200 suddenly go to $85 like Solana did?

Are these crypto price actions real? Doesn't seem so. How does so much value get dumped so easily?

Seems like there's something wrong here? Price fluctuations are OK but this shit's crazy TBH. Where is all this money going? Is it even real money?
Click to expand...
That is possible when there was lot of manipulation done. Stay away from such coins in future once you have seen their fall.
 
Yeah, its really simple. The power if digitalization. You can make Billions vanish with a button click.
 
It's called accumulation and distribution.
Its a tarders 101 how to play people
 
I don't get your confusion OP, this is how stuff works with cryptocoins. They are a gamble, since they can gain or loose even about 50% per day. You should have known that before you invested.
 
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