MARSCOIN drops over 90% as trader loses $110,700 in 2 hours

MARSCOIN fell more than 90% after a wallet chased the rally by buying 6.15 million tokens with 133,000 USDT following CZ's burn of 4,444 MARSCOIN, according to Lookonchain. The selloff came after CZ said he would stop using his public address (a publicly visible blockchain wallet identifier) to avoid excessive community interpretation of his actions. The wallet later sold all 6.15 million MARSCOIN for just 22,400 USDT, locking in a $110,700 loss within two hours.

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