API3 Price Plunge: What Caused the Token’s 7-Day Rally to Crash?

After an impressive seven-day rally, the API3 token experienced a sharp decline in value over the past 24 hours, dropping by approximately 11.64%. This sudden drop follows a significant surge in price, which saw the token increase by a whopping 86.82% within the past week. This move reflects a combination of factors: profit-taking from investors taking advantage of short-term gains, technical vulnerability, and a broader downturn in the crypto market.