CLAWSTR Meme Coin Market Cap Plunges 95% in One Day, Multiple Profit-taking Addresses 'Sell the Top'

On February 5, GMGN monitoring shows that Base ecosystem meme coin CLAWSTR plummeted 87% rapidly at 8 a.m. ET today. Its total decline has hit 95% from yesterday’s peak, with current market cap at around $900,000 and a 90% drop in the past 24 hours. Data reveals multiple early buyers who previously locked in profits chose to exit at a loss during this sell-off. For example, trader address “0xdc5” accumulated a $175,000 position when the market cap rose to $13.5 million and had realized profits at one point. Eventually, after paper losses widened to 70%, they exited with a roughly $124,000 loss. Addresses like “0x090” and “0xca6” also either bought early or added positions during pullbacks, but ended up selling at a loss in this downturn. This meme coin was co-launched by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason as the community support token for Clawstr.com. It surged to a $19.9 million market cap yesterday. BlockBeats reminds users: Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks practical value or use cases. Investors should be aware of the risks.