Token Unlock Likely Drove Market Cap Up Despite Price Drop
I think you likely missed a scheduled token unlock or an update to the reported circulating supply. If a large tranche was released, circulating supply can jump and the market cap (price × circulating supply) can increase even while the price per token falls.
I’d first check the project’s announcements, the vesting schedule, and on-chain explorers for recent large transfers to known vesting or distribution wallets. Also verify CoinMarketCap/CoinGecko supply figures in case of a data update or error.
Analysis
Recommendation
I recommend watching the project closely: verify unlock/vesting events on-chain and official comms before making trades; consider waiting for clarity or reducing exposure if dilution is confirmed.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.