Recently, a hot small coin experienced a sharp crash, which is worth deep reflection for all investors. The project plummeted from a high point in just 24 hours, dropping from $0.18 to $0.02 instantly, a decline of over 80%. Countless followers became the final bagholders.

Sounds unbelievable? On-chain data tells the story. By examining the transaction records of the project team's wallet addresses on the blockchain, the entire operation is clearly visible: on the night of the surge, the project team’s addresses were heavily dumping tokens, selling 40% of the circulating supply within just 3 hours. This is not coincidence; it’s a carefully orchestrated rhythm.

Even more ruthless, after the dump, the liquidity pool was quietly drained. When retail investors realized they wanted to cut losses, they had already fallen into a huge slippage abyss—every sell order suffered outrageous losses. They couldn’t escape even if they wanted to, which is the most heartbreaking part.

From the data, the routine of such projects is actually very fixed: first, create hype through marketing to drive up the price → project team concentrates on dumping → drain liquidity → retail investors are completely locked in. The entire process is frighteningly precise, like industrialized slaughter.

This case reminds us: watching more candlestick charts is not as good as reviewing a clear on-chain transaction record. The true movements of the project team can never be hidden. Before entering next time, it’s wise to check the project team’s addresses to see if they are truly holding or already secretly dumping. Sometimes, the best protection for your investment is to spot obvious red flags in time.