The meme coin BOB (Build On BNB), which had been gaining prominence within the BNB Chain community, has suffered one of the largest recent corrections in the memecoin sector. The asset, which saw a strong appreciation after its debut on Binance Alpha, now accumulates a drop of over 40% in the last seven days, and about -13% in the last 24 hours, according to on-chain data.
The main trigger for the drop was a mass liquidation made by a 'whale' (large investor), who dumped about 9% of the total supply in a single transaction. This pressured the market and quickly drove the price down, triggering oversold signals in various technical indicators, including the RSI below 30, which usually signals a potential exhaustion of the downward trend — but with no guarantee of reversal.
Despite the drop, part of the community remains optimistic. Many see this devaluation as an 'entry opportunity,' especially for those who believe in the strength of the community and the engagement behind the project. BOB is still present on Binance Alpha and also in futures with up to 50x leverage, showing that there is interest and speculation around the asset, although the official listing on the spot market has not yet occurred.
On the other hand, more conservative analysts warn that the token, despite being popular, lacks real utility or solid fundamentals, making it extremely vulnerable to rapid fluctuations, market manipulations, and 'pump and dump' schemes. This makes BOB a high-risk bet, ideal only for experienced traders or investors who know how to handle strong emotions.
📉 Current moment summary:
Accumulated drop in the week: -41%
Selling pressure caused by a whale
RSI in oversold zone
Still without spot listing
Present in futures markets and Binance Alpha
Extreme volatility and lack of clear utility
📢 Stay alert: BOB may rise again strongly, but it can also fall further if it loses community support or if new dumps occur.
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