Polkadot’s 6% Drop Triggered by Institutional Selling

The recent 6% drop in Polkadot's value was primarily triggered by significant selling activity from institutional investors, which indicated a shift in market sentiment and raised concerns about the overall demand for the cryptocurrency. As these large stakeholders decided to offload their holdings, it created downward pressure on the price, reflecting not only the actions of the institutions but also the reactions of retail investors who tend to follow market trends closely. This sell-off may have been influenced by various factors, including broader market volatility, regulatory concerns, or changing investment strategies among institutions. source: https://blocknews.com/polkadots-6-drop-triggered-by-institutional-selling/