A token dropped 8% this week. Not from one catalyst. From two colliding.
A $28.3 million unlock hit the same week a new perpetual listing went live.
The unlock gave early holders new supply. The perp gave them a fast way to hedge or exit it.
Together, they turned a manageable
The RWA market jumped 48.7% to $71B in a day.
One token explains almost all of it.
Figure Heloc entered the category at $22.8B. Strip it out, and the sector grew just 0.96%.
That token traded $14.9M in 24 hours. Just 0.065% of its valuation.
Meanwhile, meme coins turned over
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