Share link:In this post: SOM tokens crashed from a recent peak, erasing 80% of their value down to $0.02. SOM looks heavily sniped, with an array of identical wallets. The project aims to sell GPU power through Telegram, but behaves like a risky meme token.
$SOM (Somputer) turned volatile, crashing from $0.09 to $0.02. The token holds $1.3M in unsecured, unlocked liquidity on its main Raydium trading pair.
SOM received multiple warnings for being an unsecured token with the risk of a rug pull from the team. Even without a complete crash, the token may remain volatile, or be prone to crashes and a new sniping of the supply.
SOM crashed from a recent peak above $0.09, with a brief stop at $0.06, before deepening its losses down to $0.02. The recent price moves may suggest SOM is ready to wipe out all value and is a highly risky asset to be avoided. Within minutes, the liquidity in the trading pair sank from $1.3M to under $900K, remaining fragile as buyers and sellers clashed.