SLX continues to plunge for two straight days—over 30% drop; Bitrue listing can’t salvage the slump
On July 5, SLX continued falling. Over the past 24 hours, it dropped 31.83%, with the price falling to $0.259. Its market cap shrank to $2.61 million. The social buzz index is 10,036, and sentiment is positive, but it is seriously diverging from the price trend. Community discussions revolve around "SLX Price Volatility" and "Bitrue Listing".
Trading volume is $5.09 million, liquidity is $1.19 million, and there are 30,208 holder addresses. The concentration of holdings is 88.3%, higher than 85.5% on July 6. The top 10 addresses control most of the circulating supply.
In terms of capital flows, the net sell amount over the past 24 hours is $167,000. While the figure is not large, the direction is clear. Investment tags show "AI Widget" and "Alpha," suggesting the project has some positioning in the AI sector. The presence of the "Insider Wash Trading" tag indicates the trading volume may not be clean.
From the timeline: SLX fell 31.83% on July 5, then dropped another 34.22% on July 6—two consecutive days with plunges exceeding 30%. The news of the Bitrue listing failed to stop the downward trend, indicating market confidence has already been severely damaged.
Key assessment: SLX’s consecutive sell-off is directly linked to issues around the delayed airdrop and vesting/entitlement periods. Even after the Bitrue listing, market confidence still wasn’t boosted. Highly concentrated holdings amplify the downside risk—investors are advised to stay on the sidelines.
#SLX #连续暴跌