TLDR
DAKU’s 99.96% price crash in 24 hours reflects extreme liquidity risks and potential exit scams, amplified by its tokenomics and market structure.
- -99.96% price drop aligns with honey pot warnings and rug pull patterns.
- $3.75M 24h volume vs. $115K self-reported market cap signals hyper-speculative trading.
- 100B total supply with no verified burns or locks creates perpetual sell pressure.
Deep Dive
1. Liquidity collapse
DAKU’s 32.5x turnover ratio (volume ÷ market cap) suggests extreme volatility, typical of low-float tokens where a single large holder can dominate price action. The 183% surge in 24h volume during the crash implies coordinated selling, likely by insiders or the team. With no verified circulating supply data, the self-reported 100B supply raises red flags about centralization and dump risks.
2. Honey pot mechanics
The “suspected honey pot” label indicates potential code-level traps preventing buyers from selling—a common exit scam tactic. While no explicit rug pull evidence exists in the data, the -99.96% price drop and absence of recovery attempts align with historical honey pot collapses. The lack of news or social media updates (per provided data) further supports a developer-abandonment scenario.
3. Market context
DAKU’s crash occurred amid a 65 Fear & Greed Index (greed), suggesting the move was coin-specific rather than market-driven. Bitcoin dominance rose 0.58% in 24h, but altcoins with stronger fundamentals didn’t see comparable selloffs. The token’s -58% 30d return vs. crypto’s +2.03% market-wide gain highlights its detachment from broader trends.
Conclusion
DAKU’s crash combines structural flaws (supply glut, unverified metrics) with behavioral red flags (volume spikes, honey pot warnings). While speculative traders might chase rebounds, the absence of fundamental anchors makes this a high-risk asset. What on-chain metrics could confirm whether developers still hold majority supply?