The reason price went down 95% is because the biggest whale, who is still the biggest whale, dumped $500K of their $2.5M stack 🤡 🤦‍♂️

token launch was a cabal, ruined an otherwise strong memecoin

https://warpcast.com/martin/0xe4e7f404

salvino sold a ton, he also mostly sold on the way up. you wouldn't bag hold 500k if a token went to 100m, don't lie that you would. 

He still holds a ton, a lot more than he's sold. He was just really early, and higher went up a lot, it is what it is

nice analysis …

looks like the same pattern for pretty much every major Farcaster meme coin (Degen, Hams, etc.)

🎩 first, but I like being part of this experiment that is the Farcaster network. 

since ATH (marketcap) 

Degen is down 87%, Ham is down 91% and Higher is down 70%

Degen went to 1.1 billion - 150m today
Higher went to 100m - 33m today 
Ham went to 14m - 1.1m today

hard to compare assets in such different ranges, but ya all track the same general trend

highs to absolute lows must have been an even closer range I imagine