According to NFT5lut on Twitter, two prominent cryptocurrency tokens are experiencing significant price crashes as observed on the timeline. This sudden downturn may be due to profit-taking, macroeconomic uncertainty, or technical sell-offs, which could impact overall market sentiment and liquidity for both established and emerging digital assets. Traders should monitor price action, volume spikes, and related on-chain data to identify potential support or resistance levels and mitigate risk during heightened volatility. Source: NFT5lut Twitter, June 6, 2025.

According to Bubblemaps, Cardi B is once again promoting the $WAP token, which initially launched with 60% of its supply bundled and has since experienced a dramatic 99% decline in value (source: Bubblemaps Twitter, June 4, 2025). This high-profile endorsement comes after significant losses for early investors and raises trading concerns about token liquidity, market manipulation risks, and celebrity-led crypto volatility. Traders should closely monitor $WAP token volumes and whale wallet activity, as renewed attention could trigger short-term volatility but long-term risks remain elevated due to previous market behavior (source: Bubblemaps).

According to Milk Road, an analysis of 62 cryptocurrency tokens launched via airdrop revealed that 89% experienced a price decline within 90 days of launch. The primary reason cited is that free token distribution leads to immediate sell pressure as recipients quickly cash out, undermining long-term value. Only 7 out of the 62 tracked tokens managed to maintain their price level in the same period. This data underscores the risk for traders considering newly airdropped tokens and highlights the importance of monitoring post-airdrop price action and sell volume for short-term trading strategies. (Source: Milk Road, Twitter, May 11, 2025)