WazirX Token (WRX) Crashes around 90% in last 10 days

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As a seasoned analyst with over a decade of experience in the volatile world of cryptocurrencies, I’ve seen my fair share of market fluctuations – some gentle ripples and others, monstrous tidal waves like the one WRX has just weathered. The past 10 days have been nothing short of a rollercoaster ride for this token, with its value plummeting over 95%.

Over the past 10 days, the token has maintained its bearish run, falling over 90%. WRX hit a critical support level at $0.0144 as of December 25, and it was left wondering whether it would bounce back. 

Over the past ten days, I’ve seen a staggering 95% drop in the value of WRX. Now, it seems to have found support at 0.0144. I’m eagerly watching how this digital asset recovers from here on out. #WRX $WRX #Crypto

— Mihir (@RhythmicAnalyst) December 25, 2024

At this moment, the value of the token stands at $0.01873 based on current reports. In the last day, it has seen a slight uptick, rising by approximately 53.46%. However, over the course of the past week, its value has significantly dropped by around 88.08%.

On December 18th, Binance declared they were removing the WRX token from their platform, causing an instant and significant drop in the market. In fact, within the first hour of the announcement, WRX plummeted by approximately 40%, stunning numerous investors.

This delisting decision is another big blow to WazirX and its community, reflecting the continued hardships of the Indian crypto exchange in a volatile market.

As it continues to navigate through uncertain times, we’ll observe whether it can regain its strength, suggesting a possible recovery. The question on everyone’s mind is whether this is a step towards stability or an early warning of potential further drops ahead.

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2024-12-25 14:44