Canton Network's native token just became this week's biggest loser – down over 25% in seven days. The culprit? Classic "buy the rumor, sell the news" behavior. After Goldman Sachs and NASDAQ announced their investments, early holders didn't stick around to celebrate. Instead, they hit the exit. Institutional backing was supposed to be bullish, right? Well, the market had other plans. Once the news dropped, profit-taking kicked in hard, dragging prices down faster than most expected. Sometimes the hype matters more than the headlines.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
7
Repost
Share
Comment
0/400
RugPullAlertBot
· 26m ago
Same old trick: when all the good news is out, it turns bearish. Goldman Sachs and Nasdaq backing it actually caused a dump instead, what a joke. Retail investors are always the last ones left holding the bag.
View OriginalReply0
MerkleMaid
· 23h ago
It's the same old trick again—when all the good news is out, it turns bearish, guys.
View OriginalReply0
AirdropLicker
· 12-05 21:53
Ha, it's the same old trick again. As soon as Goldman Sachs announced NASDAQ, they immediately dumped 25%. These institutions really know how to play the game.
View OriginalReply0
SocialFiQueen
· 12-05 21:49
Same old trick: as soon as Goldman Sachs makes a statement about the Nasdaq, retail investors go wild, institutions quietly cash out, and we bag holders are still happily clueless.
View OriginalReply0
GmGmNoGn
· 12-05 21:49
Same old trick. Even institutional endorsement can't save it. Should have known to get out as soon as the news broke.
View OriginalReply0
GateUser-3824aa38
· 12-05 21:43
Isn't this the classic script of retail investors getting fleeced? Goldman Sachs says to invest and everyone rushes in, then as soon as the news comes out, they all bail. Hilarious.
View OriginalReply0
MeaninglessApe
· 12-05 21:42
Same old story: when all the good news is out, it turns bearish. What’s the use of Goldman Sachs and Nasdaq backing it? In the end, it’s still just about running away.
Canton Network's native token just became this week's biggest loser – down over 25% in seven days. The culprit? Classic "buy the rumor, sell the news" behavior. After Goldman Sachs and NASDAQ announced their investments, early holders didn't stick around to celebrate. Instead, they hit the exit. Institutional backing was supposed to be bullish, right? Well, the market had other plans. Once the news dropped, profit-taking kicked in hard, dragging prices down faster than most expected. Sometimes the hype matters more than the headlines.