JasmyCoin Price Crash: 97% Drop & Whale Accumulation Trends

Whales Accumulate Altcoins Amid Market Sell-Off: JasmyCoin Faces 97% Decline Despite Recent Rally

The cryptocurrency market is witnessing a stark divergence as major whales quietly accumulate select altcoins during a broader sell-off, while tokens like JasmyCoin (JASMY) plummet by 97% despite recent bullish momentum. What’s driving this paradoxical trend, and could projects like SUI and JasmyCoin still create the next wave of crypto millionaires?

The Great Crypto Sell-Off: Whales Bet on These 4 Altcoins

According to aInvest, major cryptocurrency whales have been accumulating four altcoins during the recent market downturn. While the broader market experienced significant liquidations, these large holders increased their positions in undisclosed assets, signaling potential long-term confidence in select projects.

Data from Binance Square highlights that the sell-off was triggered by macroeconomic uncertainties, including Fed rate hike fears and regulatory pressures. Despite this, on-chain analytics reveal that whale wallets have been actively buying the dip, particularly in altcoins with strong utility narratives.

JasmyCoin’s Staggering 97% Drop: What Went Wrong?

While some altcoins attract whale interest, JasmyCoin (JASMY) tells a different story. Blockchain.News reports that JASMY, despite a recent 30% rally, has faced a brutal 97% decline from its all-time high. The token, which focuses on IoT and data democratization, surged briefly due to exchange listings and partnership rumors but failed to sustain momentum.

Analysts point to excessive token supply and lack of immediate adoption as key factors behind JasmyCoin’s underperformance. Crypto.News notes that while Jasmy’s long-term vision remains ambitious, short-term traders have largely abandoned the project after repeated price dumps.

Can SUI and JasmyCoin Still Create Millionaires?

Despite JasmyCoin’s struggles, Crypto.News suggests that projects like SUI and Jasmy could still produce outsized returns for early investors. The article cites historical examples where tokens rebounded after severe drawdowns, though it emphasizes that such outcomes require proven adoption and ecosystem growth.

SUI, a high-performance Layer 1 blockchain, has shown resilience due to its scalable infrastructure and developer activity. Meanwhile, Jasmy’s partnership with Japanese enterprises could eventually drive demand—if the project delivers on its promises.

Expert Insights: Market Divergence and Future Outlook

Market analysts are split on whether the current whale accumulation signals a market bottom or further downside. Some argue that selective buying reflects confidence in specific narratives (DeFi, AI, RWA), while others caution that retail investors remain over-leveraged.

As for JasmyCoin, experts urge caution. Blockchain.News quotes a trader stating, “Unless Jasmy demonstrates real-world usage soon, the token risks becoming irrelevant despite its once-viral hype.”

Real-Time Market Data and What’s Next

At press time, Bitcoin hovers around $58,000, with altcoins showing mixed performance. Trading volumes have spiked, suggesting heightened volatility ahead. Whales continue to accumulate, while retail traders grapple with fear and uncertainty.

For JasmyCoin, the key question is whether its enterprise adoption strategy can revive investor interest—or if the token will fade into obscurity.

Share Your Thoughts

Will JasmyCoin stage a comeback, or is this the end of its hype cycle? Which altcoins are you watching during this market turbulence? Share your thoughts on our X.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.

Source:

• aInvest: "Major Whales Accumulate 4 Altcoins Amid Crypto Sell-Off"

• Binance Square: "Market Sell-Off Intensifies as Fed Fears Loom"

• Blockchain.News: "JasmyCoin (JASMY) Faces 97% Decline Despite Recent Bullish Momentum"

• Crypto.News: "$50 Into $5M? How XYZverse, SUI, Jasmy Could Create New Crypto Millionaires"