$雪球 is deep in the aftermath of a brutal blow-off.
Price sits at $0.01585, down -12.43%, bleeding far below key moving averages (MA7: 0.0189 | MA25: 0.0304). The chart tells a clear story: a vertical explosion to $0.0899, followed by relentless distribution and a steady grind lower. Momentum remains firmly bearish.
Despite the damage, structure is still alive. Market cap: $9.73M, FDV: $15.85M, on-chain liquidity: $502K, and a surprisingly strong 21,588 holders show this isn’t a ghost market—just a punished one. Volume has cooled, volatility has compressed, and price is hovering near a critical decision zone.
This is the phase where weak hands disappear and patience is tested. Either a base forms here, or the market searches for deeper liquidity. The easy money is gone—what happens next decides whether 雪球 becomes a survivor or another charted memory.
