NOCK's market cap plunged 80% within 50 days, and the author questions its tokenomics and technical issues.
Let's talk about $NOCK.
A drawdown in market cap from $120m to $30m in 50 days is astonishing to put it mildly.
There was quite a hype, but the amount of sell pressure makes one wonder about the early mining, the tokenomics and emission difficulty of ZK proofs. While miners are bragging about 5 figure profits per day. Similar to our favorite AI token and one that rhymes with WILL, there seems to be a leak in the tank and it is reflecting in the price.
I was a buyer at this price level before this last rally, but I'm not buying this price action.
As they say, the best marketing is price go up. You guys are doing it wrong...
And yes, price down, bad tech.