ATOM Drops 4% to $4.06 as Selling Pressure Intensifies
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币界网报道：ATOM drops 4.4% as selling pressure intensifies, with the Cosmos Hub token falling to $6.06 amid broader market declines. Analysts attribute the slump to profit-taking after recent gains and reduced staking rewards following the v17 upgrade. Trading volume surged 48% to $47 million, indicating heightened activity. Despite the dip, some investors remain bullish on Cosmos' long-term prospects, citing its interoperability features and upcoming ecosystem developments. The token's price remains 12% higher than its monthly low of $5.40, showing resilience compared to other altcoins in the current bearish trend.
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