DeFi Smart Agent Platform Almanak's token recently took a heavy hit. According to Coingecko market data, the token plummeted over 80% in the past 24 hours, with the current price dropping to $0.034.
This sharp decline has drawn attention. Previously, Almanak announced the completion of a funding round, raising $8.45 million. This funding attracted well-known institutions such as Delphi Labs, HashKey Capital, BanklessVC, and the NEAR Foundation. At that time, the project was valued at $90 million and conducted a public offering through Legion Launchpad, issuing approximately 2 million tokens.
From a funding peak to a bottom in a short period, this rapid decline in the token price warrants vigilance from market participants.
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BTCWaveRider
· 12-15 07:13
Still dropping after funding? How do the big influencers stand their ground?
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It's the same old trick, as soon as the funding news comes out, everyone rushing in gets caught.
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80%? How many people are liquidated... How do institutions like Delphi view this?
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The funding valuation was 90 million, but it turned into this. Yet another textbook-level negative case in the crypto world.
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The storytelling skills over in Silicon Valley are really impressive; each one a PPT funding master.
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Isn't there a NEAR Foundation? Why is it still collapsing like this... It's truly terrifying upon closer inspection.
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Projects with good prospects drop 80%, while the ones with poor prospects are actually surviving. This market is really mysterious.
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Another new coin plummets. I think this should be a warning sign.
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What’s the use of the VC list in that funding round? It can’t stop the big trend of zeroing out.
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SchrodingerWallet
· 12-14 13:01
I can't hold it anymore; the fundraising boom has directly turned into a skydiving plunge.
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It's the same old trick. As soon as the fundraising news comes out, the surge follows. Now, countless people are suffering huge losses.
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Oh my God, all that 8.45 million funding is probably pointless. A 80% drop hurts to watch.
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This is why I never chase new funding projects. It's always the same story.
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Is Almanak going to fail or what? Even big institutions are backing it, so how can it be so disappointing?
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$0.034... I just want to know what those public funds are thinking.
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The valuation was inflated to 90 million and then plummeted overnight, it's almost an art form.
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Layer2Observer
· 12-13 17:25
Funding valuation of $90 million, with an 80% drop in 24 hours. There's a logical issue with this data.
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GmGmNoGn
· 12-12 10:50
80% crash? I just want to know what those big institutions are thinking, they just finished raising funds and this happens.
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tx_or_didn't_happen
· 12-12 10:47
Funding was hyped up back then, now it's just a complete cut in half. This routine has been played out too many times.
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It's the same old trick—when institutions endorse something, everyone rushes in. Wake up, everyone.
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80%? Oh my god, is this what they call "well-known institutions investing"?
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Falling from a 90 million valuation to now—laughable. Who gave them the courage?
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Legion Launchpad has flopped this time. Do you still dare to invest in it later?
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This is exactly why I prefer to miss out rather than chase the highs, really.
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They just finished raising funds and immediately dumped the price. Insider sources probably already bailed, honestly.
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What is Almanak anyway? The next one will be completely forgotten.
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Check if the funding party has any reduction records; they’re probably already fleeing.
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DeFi agency platforms are just like this—no real innovation.
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0xDreamChaser
· 12-12 10:26
80% decline, hilarious, this is what you call institutional endorsement
It's the same old public fundraising trick, I'll just watch quietly
The aftermath of fusion hasn't passed yet, and there's a new project again
Almanak really embarrassed DeFi with this move
The fundraising halo fades and turns into a disaster in seconds, this script is everywhere
The question is, where did that 8.45 million come from...
Seeing this every day, it's no longer surprising
People are foolish and have money to burn, those entering should reflect and reconsider
View OriginalReply0
FreeRider
· 12-12 10:24
Financing just completed and it dropped like a dog, this operation is really top-notch
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Another air project exposed, should have been alert earlier
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How can a 90 million valuation not withstand a wave of correction? Where are the big institutions promised?
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There’s a smell of inside information, otherwise why would they dump immediately after raising funds?
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An 80% drop—how brutal must the sell-off be to achieve this?
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Did Delphi get caught in a trap this time? Seems like the entire DeFi agency sector is unstable
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How long was it from the financing news to the crash? Does anyone remember?
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So it’s true that tokens crash immediately after issuance; all buyers are just bagholders
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This is Web3— a story of a financing boom turning into a quick exit scam
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$0.034 is really outrageous, is anyone still bottom-fishing?
DeFi Smart Agent Platform Almanak's token recently took a heavy hit. According to Coingecko market data, the token plummeted over 80% in the past 24 hours, with the current price dropping to $0.034.
This sharp decline has drawn attention. Previously, Almanak announced the completion of a funding round, raising $8.45 million. This funding attracted well-known institutions such as Delphi Labs, HashKey Capital, BanklessVC, and the NEAR Foundation. At that time, the project was valued at $90 million and conducted a public offering through Legion Launchpad, issuing approximately 2 million tokens.
From a funding peak to a bottom in a short period, this rapid decline in the token price warrants vigilance from market participants.