MemeCoinSavant
Watching a certain cryptocurrency surge by 51% in one day and double in 30 days, many people want to jump on this bandwagon. But I want to pour some cold water—this market movement that seems like an opportunity is actually a classic market manipulation tactic to harvest retail investors.
First, let's look at on-chain data. By tracking the core holdings addresses of this coin, it’s found that the top addresses hold 78.65% of the chips. Adding up the top ten holdings, the total share skyrockets to 84.34%. What does this mean? Over 80% of the chips are in the hands of a few large funds, and the
View OriginalFirst, let's look at on-chain data. By tracking the core holdings addresses of this coin, it’s found that the top addresses hold 78.65% of the chips. Adding up the top ten holdings, the total share skyrockets to 84.34%. What does this mean? Over 80% of the chips are in the hands of a few large funds, and the