According to on-chain data observed by COINOTAG News on December 5, in the past 15 minutes, roughly $4 million worth of PIGGY was minted and rapidly liquidated, signaling unusual activity in the token’s lifecycle.
The swift mint and dump triggered a steep market reaction, with the price collapsing about 90% within seconds and the token’s market cap eroding to roughly $810,000.
Market participants should monitor on-chain signals and exchange liquidity, as the incident highlights risk in low-cap tokens and the potential for sudden volatility.
Source: https://en.coinotag.com/breakingnews/piggy-price-crashes-90-in-seconds-after-4m-mint-and-dump-market-cap-drops-to-810k
