SN (SpaceN) has fallen 89.05% in the last 24 hours.

Gate News Bot news, on August 5th, according to CoinMarketCap data, as of the time of writing, SN (SpaceN) is currently priced at 0.20 USD, having fallen 89.05% in the last 24 hours, with a high of 2.07 USD and a low of 0.17 USD. The current market capitalization is approximately 8.01 million USD, a decrease of 65.1095 million USD from yesterday.

SpaceN is a comprehensive NFT management tool and social space for NFTs. The platform allows users to manage all their NFTs in one place, track NFT values and activities, and understand investment performance through key financial metrics. SpaceN also provides insights into NFT collections, including rankings, transaction data, whale tracking, and social media news. Additionally, SpaceN features an NFT club function that automatically recommends suitable clubs based on the types of NFTs held by users and supports users in creating their own DAO space.

Recent important news about SN:

1️⃣ Market sentiment shift leads to a significant fall SN has experienced a significant price fall in the past 24 hours, dropping from a high of $2.07 to $0.20, a decrease of 89.05%. This drastic price volatility may reflect a sharp shift in market sentiment, and investors may have doubts about the project’s short-term prospects.

2️⃣ Significant fall in market capitalization affects investor confidence The market capitalization of SN plummeted from approximately $73.1195 million to $8.01 million in one day, a decrease of $65.1095 million. Such a significant shrinkage in market capitalization may further undermine investor confidence, leading to increased selling pressure.

3️⃣ The overall cooling of the NFT market affects related projects As an NFT management tool and social space, the value of SpaceN is closely related to the overall performance of the NFT market. Recently, the NFT market may face a cooling down, which could indirectly affect investors’ views and valuation expectations for SN tokens.

From a technical perspective, the significant price fall of SN in a short period indicates strong selling pressure. Such drastic price fluctuations may trigger liquidity issues, and investors should closely monitor the project’s fundamentals and changes in market sentiment.

This message does not constitute investment advice, and investors should be aware of market volatility risks.