The Mask Network (MASK) token experienced significant price volatility this week. It soared to its highest level since December 2022, reaching $3.6766 before swiftly retracing and falling towards the $2 mark. On-chain data reveals a surge in whale transactions, with Santiment data showing an unprecedented jump of 26 transactions, the highest point seen since May 28th. These whales are actively selling MASK tokens, resulting in a decline in their holdings to 28.26 million on Friday, hitting an all-time low. Further analysis reveals a trend of decreasing investor involvement with a significant drop in MDIA (mean dollar invested age). This metric, which reflects the average age of coins weighted by purchase price in US dollars, has been declining steadily. This suggests a bearish outlook for Mask Network. A negative funding rate in recent days also contributes to this bearish sentiment, as more traders are shorting the asset and paying bullish traders a small fee. Price chart analysis shows that MASK briefly reached $3.702 before experiencing a significant drop to $2.3300. The RSI indicator has shifted downwards from 80 to 54, indicating further potential for price decline. This downturn coincides with selling pressure below the key support at $2.50 and below the 50-day and 200-day moving averages. Sustained selling may lead to a drop to $0.9475, marking a new low point in April.