According to BlockBeats, Solana leverage prediction market Space (SPC) plummeted from a peak market cap of $83 million to $5.9 million after launching yesterday evening, declining over 90% within a day.
Chain analysis shows top five wallet addresses control approximately 70% of token supply, with top twenty addresses holding about 80%. Major holders liquidated positions through DEX platforms including Jupiter, Raydium, and Orca following the token’s listing.
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