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The native token of Core DAO (CORE) witnessed a dramatic price collapse, losing approximately 50% of its market value within a single 24-hour period. This massive flash crash was triggered by a rapid succession of large-scale sell orders that overwhelmed the token's available liquidity. Core DAO officials attributed the sudden downward pressure to these aggressive market exits, which hit the order books in a very short span of time. While the broader cryptocurrency market remained relatively stable, the CORE/USD pair faced extreme volatility as major holders offloaded their positions. Analysts suggest that such a sharp decline highlights the inherent liquidity risks often found in specific altcoin ecosystems. The event has raised significant concerns regarding the long-term stability of the Core DAO network following this substantial loss of market capitalization.
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