The DN project is becoming increasingly frustrating to watch. Just over a week since launch, the price has dropped from a high point to now, with a retracement that’s truly terrifying.

The data speaks for itself: DN’s highest price reached 3.28U, corresponding to a market cap of about $74 million. And now? It’s fallen to 0.19U, with a market cap of only $4.3 million. From the peak, it has been smashed by 17 times, and from the lowest point, the extreme retracement is nearly 27 times.

The most heartbreaking part is the experience on the first day of launch. As long as you dare to buy the dip, you’re basically inviting trouble. The project team doesn’t seem to be acting on a whim but is operating with premeditation and rhythm — they started dumping right after Alpha, began cutting profits as soon as it hit the exchange, playing the same old tricks.

This kind of situation has occurred several times within the cycle, but DN’s ferocity is truly shocking. If you still hold a position, you’d better take a good look at the distribution of chips and on-chain data.