King (096) (Parallel) Price

Updated 2026-05-06

King (096) Parallel is in a steady downward drift with no floor in sight. The spec entered at $12.63 thirty days ago and has bled -13.5% over the month, landing at $9.69 NM; the -3.2% week-over-week decay suggests the selloff is accelerating rather than stabilizing. Current price sits just +0.3% above the recent trough of $9.66, indicating bag holders are dumping into any bounce. The -23.3% drawdown from peak reveals this parallel never captured sustained demand, and the consistent weekly losses imply either sustained seller pressure from initial specs or a demand collapse post-release. The foil Super Rare status hasn't anchored value during this correction. Watch whether $9 acts as a psychological floor or if liquidity dries up on further downside; either outcome reshapes the risk profile for anyone holding a deeper position here. Supply-side relief or a major competitive spike in Romance Dawn demand would be required to reverse this trajectory.