币界网报道：Blum token experienced a dramatic 96% drop in value shortly after its listing on MEXC exchange, sparking concerns among investors. The sudden plunge occurred despite initial hype around the project's decentralized finance (DeFi) offerings. Market analysts attribute the crash to potential liquidity issues and profit-taking by early investors. The token's whitepaper had promised innovative yield farming mechanisms, but questions about its long-term viability emerged following the price collapse. Trading volumes surged during the volatility, with some traders attempting to capitalize on the extreme price movements. The incident highlights the risks associated with newly listed altcoins in the current volatile