It might but I don't believe so, LUCKIN is in a place of its own at this time and only Negative news will cause major price loss. I still believe we are heading towards $20.00 before any consolidation occurs, hopefully we reach this price sometime this month.
With the market in dire straights, I'm somewhat dubious as to luckin's near term price future. Not sure if $20.00 is in the cards this year unless the company decides to relist, should that be the case then I believe that price will easily be reached. In the meantime, get ready for some stormy days.