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Take a look at BEAT, this coin has also caused many big investors to suffer losses. Some investors went long and got trapped painfully, with floating losses exceeding 613%, actually losing over 8,000 USDT. The price surged a while ago, but now it’s been steadily declining, with no signs of a rebound. There are no new positive market news to give it a boost, and investors have little expectation for the future.
If you want to participate, shorting with a small position might be a good idea. Set the stop-loss at $3.5, and if it falls below that, exit quickly. Cryptocurrency is known for its high volatility, so you should operate within your risk tolerance and never allocate too much of your portfolio.