$M has crashed by over 70%, and the market cap is now only $1.55 billion. This doesn’t seem like a whale dumping, but rather a withdrawal by the project team/MM. The on-chain pool now has less than $100K left, which basically means the project team has drained the project’s liquidity. For high-market-cap Ponzi-like projects like this, they’re usually heavily controlled by the project team. There’s no doubt that this kind of crash is essentially the project team/MM pulling out. Don’t rush to buy the dip—your dip-buying is just replenishing the project team’s liquidity.