After a month full of positives and upside price movements, Mask Network crypto is dumping hard. A candle of over 40% down on the daily chart, from 3.62 to 1.70, got investors panicking again and asking what happened.
This is what happens to mask network 😡 pic.twitter.com/eXFKOMPP2Y
— MOURAD YASSA (@MOURADYASSA2) June 6, 2025
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Mask Crypto Network Is Dumping: Is It Over?
Mask Crypto is in the top losers again for the first time in a month. Two good pieces of news caused the price to jump 25%. First, Mask Network scooped up the Web3 app Orb, which boosted their ecosystem, and then, on the same day, the SEC dropped its case against Binance.
After that spike, the market went into the classic “buy the rumor, sell the news” mode. With an over 40% drop, crashing from $3.60 down to $1.69. The RSI shot up to 77, showing it was way overbought. The price dipped below the 10-day moving average, and the $2.56 Fibonacci support level broke, kicking the selling into high gear.
The 24-hour trading volume spiked 440%, hitting over $800 million, the clearest sign of heavy selling pressure. Whether this dip is a buying chance for MASK or the start of a downtrend will only show with time.
Live with @orb_club @fountaindotink and @realMaskNetwork! https://t.co/mB2ThBfLTC
— Lens Chain (@LC) June 5, 2025
Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages. The project is already down over 90% from its all-time high of $37 back in 2021. In April, they raised new funds from the popular DWF Labs in strategic collaboration. The project is supported by Yzi Labs (formerly Binance Labs) and is listed on Binance.
This kind of price action always leads to a loss of trust from investors. MASK’s been around for ages and is pretty well-known, so the profit’s probably not going to be huge. Smart investors tend to search for and invest in hot new rising projects that have a lot of potential. Solaxy is one of them, and the presale is about to end in less than 10 days.
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Solaxy: Presale About To End In 10 Days, The Layer That Will Probably Change Solana Forever
The Solaxy universe is expanding every day. 🪐🛸
44M Raised! 🔥 pic.twitter.com/yIRZinZAPR
— SOLAXY (@SOLAXYTOKEN) June 4, 2025
Solaxy ($SOLX) is about to hit $44 million in its presale and just dropped the first-ever public testnet for Solana Layer-2. With only 12 days until launch, its token drop is set to pump Solana ($SOL) and grab the attention of long-term investors.
Solaxy’s an L2 that helps devs build dApps and link up with users, taking some weight off Solana and unlocking its full power, kind of like how Arbitrum did for Ethereum.
Right now, the $SOLX presale is your shot to grab them at the lowest price. Tokens are going for $0.001744, but they’re going to keep rising every two days as the sale wraps up.
Solaxy’s presale has pulled in $44.9 million, almost hitting its $45.9 million goal. Right now, $SOLX is priced at $0.00175 in the presale, and you can score up to 90% APY with staking rewards.
Presales that pull in cash fast and get loads of investor hype usually blow up 5x to 10x after launch. The savvy whales often scoop up these projects under the radar to maximize their gains. Just recently, one whale grabbed over $400k worth of $SOLX on the Ethereum chain. Click here for the transaction ID.
Click Here To Get In The Presale; Very Limited Time Left.
Connect with the huge SOLX Online community on X and Telegram.
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Key Takeaways
- Mask Network’s price dropped 40% after a short-lived spike due to market reactions.
- Despite heavy selling, Mask’s backing and funding suggest potential future growth.
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