BARD (Lombard) plunges over 40% after 24-hour price swing reaches 118.5%: Token unlock triggers massive selling pressure

Volatility Brief

In the past 24 hours, BARD’s price soared from a high of $1.19989 before plummeting sharply, hitting a low of $0.5491. It is currently quoted at $0.6551, with an amplitude as high as 118.5%, and an overall decline of about 37-41%. The 24-hour trading volume surged by 1584.5% to approximately $301 million, indicating an extreme liquidity flush.

Brief Analysis of the Cause of Abnormal Fluctuations

• Token Unlocking as the Main Driver: About 30 million BARD tokens (accounting for 13% of total supply), worth roughly $32 million, were unlocked, directly triggering massive sell pressure and causing the price to crash 45% from around $1.05.

• Explosive Trading Volume: 24-hour selling volume spiked by 1504% to $322 million, accompanied by liquidity liquidations and amplified market downturn effects.

Market Views and Outlook

Mainstream community sentiment remains negative, with comments like “the crash journey has begun” or “sell pressure from unlocked tokens persists.” Some opinions see $0.62-0.65 as a potential bottom-fishing zone, but warn that a break below could drive the price toward $0.60. Analysts suggest that if sell pressure eases and the $0.65 support holds, the price could attempt to consolidate; otherwise, risks loom for further downside, with attention needed on bitcoin’s stabilization.