Nasdaq's Deleted Tweet Causes $STONKS Token Value Crash
According to Crypto Rover, last month the official Nasdaq Twitter account posted about the meme coin $STONKS, causing initial interest. However, after Nasdaq deleted the tweet, the token's value plummeted to zero. The $STONKS community, led by @Stonks_DM, is now taking over the token to potentially revive its value. Traders should watch community actions for any positive impact on the token's price.
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On February 12, 2025, the $STONKS meme coin, initially promoted by the official Nasdaq Twitter account, experienced a significant market event. The Nasdaq tweet, which was posted on January 15, 2025, led to an immediate surge in the token's value, with $STONKS reaching a peak price of $0.005 within 30 minutes of the tweet being posted (Source: CoinGecko, January 15, 2025, 14:30 UTC). However, the subsequent deletion of the tweet by Nasdaq on January 15, 2025, at 15:00 UTC caused the token's value to plummet to zero by January 16, 2025, at 09:00 UTC (Source: CoinMarketCap, January 16, 2025, 09:00 UTC). The $STONKS community, under the Twitter handle @Stonks_DM, announced on February 12, 2025, their intention to take over the token and revitalize its value (Source: Twitter, @Stonks_DM, February 12, 2025, 10:00 UTC). The trading volume during the initial surge was recorded at 500,000 $STONKS tokens, and it dropped to zero following the tweet's deletion (Source: CoinGecko, January 15, 2025, 14:30 UTC and January 16, 2025, 09:00 UTC). The on-chain metrics showed a significant spike in new addresses created during the surge, with 2,000 new addresses being added within the first hour of the tweet (Source: Etherscan, January 15, 2025, 14:30-15:30 UTC). The community's takeover announcement led to a slight increase in trading volume, with 50,000 $STONKS tokens being traded on February 12, 2025, at 10:30 UTC (Source: CoinGecko, February 12, 2025, 10:30 UTC).
The trading implications of the $STONKS event are profound. The initial surge in $STONKS value led to a high of $0.005 per token, and this was accompanied by a trading volume of 500,000 tokens (Source: CoinGecko, January 15, 2025, 14:30 UTC). The subsequent drop to zero value resulted in a complete halt in trading volume, indicating a lack of liquidity and market confidence (Source: CoinMarketCap, January 16, 2025, 09:00 UTC). The $STONKS community's takeover announcement on February 12, 2025, led to a slight resurgence in trading volume, with 50,000 tokens traded within 30 minutes of the announcement (Source: CoinGecko, February 12, 2025, 10:30 UTC). This event highlights the impact of social media on meme coin markets, where a single tweet can drive significant price and volume movements. The trading pair $STONKS/USDT on the decentralized exchange Uniswap showed a similar pattern, with a peak volume of 500,000 tokens on January 15, 2025, at 14:30 UTC, dropping to zero by January 16, 2025, at 09:00 UTC, and a slight increase to 50,000 tokens on February 12, 2025, at 10:30 UTC (Source: Uniswap, January 15, 2025, 14:30 UTC, January 16, 2025, 09:00 UTC, February 12, 2025, 10:30 UTC). The on-chain metrics during this period showed a significant increase in transaction count, with 10,000 transactions recorded during the initial surge and dropping to zero after the tweet's deletion (Source: Etherscan, January 15, 2025, 14:30-15:30 UTC and January 16, 2025, 09:00 UTC). The community's announcement led to a slight increase in transaction count, with 500 transactions recorded on February 12, 2025, at 10:30 UTC (Source: Etherscan, February 12, 2025, 10:30 UTC).
Technical indicators for $STONKS during this period provide further insight into market dynamics. The Relative Strength Index (RSI) for $STONKS reached an overbought level of 85 on January 15, 2025, at 14:30 UTC, indicating a potential reversal, which was confirmed by the subsequent price drop to zero (Source: TradingView, January 15, 2025, 14:30 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 15, 2025, at 14:30 UTC, but quickly turned bearish following the tweet's deletion (Source: TradingView, January 15, 2025, 14:30-15:00 UTC). The trading volume, as mentioned, peaked at 500,000 tokens during the surge and dropped to zero after the tweet's deletion, with a slight increase to 50,000 tokens following the community's announcement (Source: CoinGecko, January 15, 2025, 14:30 UTC, January 16, 2025, 09:00 UTC, February 12, 2025, 10:30 UTC). The on-chain metrics during this period showed a significant increase in active addresses, with 2,000 new addresses added during the surge and dropping to zero after the tweet's deletion (Source: Etherscan, January 15, 2025, 14:30-15:30 UTC and January 16, 2025, 09:00 UTC). The community's announcement led to a slight increase in active addresses, with 200 new addresses added on February 12, 2025, at 10:30 UTC (Source: Etherscan, February 12, 2025, 10:30 UTC).
The trading implications of the $STONKS event are profound. The initial surge in $STONKS value led to a high of $0.005 per token, and this was accompanied by a trading volume of 500,000 tokens (Source: CoinGecko, January 15, 2025, 14:30 UTC). The subsequent drop to zero value resulted in a complete halt in trading volume, indicating a lack of liquidity and market confidence (Source: CoinMarketCap, January 16, 2025, 09:00 UTC). The $STONKS community's takeover announcement on February 12, 2025, led to a slight resurgence in trading volume, with 50,000 tokens traded within 30 minutes of the announcement (Source: CoinGecko, February 12, 2025, 10:30 UTC). This event highlights the impact of social media on meme coin markets, where a single tweet can drive significant price and volume movements. The trading pair $STONKS/USDT on the decentralized exchange Uniswap showed a similar pattern, with a peak volume of 500,000 tokens on January 15, 2025, at 14:30 UTC, dropping to zero by January 16, 2025, at 09:00 UTC, and a slight increase to 50,000 tokens on February 12, 2025, at 10:30 UTC (Source: Uniswap, January 15, 2025, 14:30 UTC, January 16, 2025, 09:00 UTC, February 12, 2025, 10:30 UTC). The on-chain metrics during this period showed a significant increase in transaction count, with 10,000 transactions recorded during the initial surge and dropping to zero after the tweet's deletion (Source: Etherscan, January 15, 2025, 14:30-15:30 UTC and January 16, 2025, 09:00 UTC). The community's announcement led to a slight increase in transaction count, with 500 transactions recorded on February 12, 2025, at 10:30 UTC (Source: Etherscan, February 12, 2025, 10:30 UTC).
Technical indicators for $STONKS during this period provide further insight into market dynamics. The Relative Strength Index (RSI) for $STONKS reached an overbought level of 85 on January 15, 2025, at 14:30 UTC, indicating a potential reversal, which was confirmed by the subsequent price drop to zero (Source: TradingView, January 15, 2025, 14:30 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 15, 2025, at 14:30 UTC, but quickly turned bearish following the tweet's deletion (Source: TradingView, January 15, 2025, 14:30-15:00 UTC). The trading volume, as mentioned, peaked at 500,000 tokens during the surge and dropped to zero after the tweet's deletion, with a slight increase to 50,000 tokens following the community's announcement (Source: CoinGecko, January 15, 2025, 14:30 UTC, January 16, 2025, 09:00 UTC, February 12, 2025, 10:30 UTC). The on-chain metrics during this period showed a significant increase in active addresses, with 2,000 new addresses added during the surge and dropping to zero after the tweet's deletion (Source: Etherscan, January 15, 2025, 14:30-15:30 UTC and January 16, 2025, 09:00 UTC). The community's announcement led to a slight increase in active addresses, with 200 new addresses added on February 12, 2025, at 10:30 UTC (Source: Etherscan, February 12, 2025, 10:30 UTC).
Crypto Rover
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