From a booming presence to a near-deserted scene, how dramatic can this project's story get?
Recently, a big holder has become a bit restless. Starting to accumulate near the peak in early October, increasing their holdings all the way into mid-November. During that time, when market enthusiasm was at its highest, the market cap once surged to $522 million. And what happened next? It steadily declined to $102 million, a drop of nearly 80%.
Yesterday, this individual recharged 18 million tokens into the exchange, worth about $2.5 million, with an average cost of $0.1386. This action of recharging speaks volumes—holding a massive amount of chips, market confidence had long been lost. From confidently building positions to now urgently selling, isn't this a personal holding game?
With the market cap halved again and again, someone profits while others lose. Was this whale's big move a bottom-fishing effort or a real withdrawal? There’s no absolute answer in the market, but the act of recharging already says everything.
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ImpermanentSage
· 1h ago
522 million down to 102 million, how desperate is that...
Another big player cutting the leeks, tired of seeing it.
Recharging is just admitting defeat, don’t bother with bottom-fishing, this is a signal to escape.
If I had known earlier, I would have followed the trend. Now I’ve lost everything and am completely disheartened.
Even the whales are scared, retail investors are still sleepwalking.
An 80% decline, this project is probably beyond saving.
Recharging $2.5 million just to cut losses? Is it worth it, everyone?
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GhostChainLoyalist
· 13h ago
80% decline... This is a confidence game, big players are starting to dump their holdings.
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BoredApeResistance
· 15h ago
Wow, an 80% drop... How bad does it have to get?
The big players starting to dump is truly a sign of lack of confidence.
This kind of rhythm just smells like a trap for the bagholders.
It's another tragedy for the buyers at the high point.
Recharging so many coins, this eighteenth-tier project is completely finished, right?
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metaverse_hermit
· 01-08 06:57
Another good show, the high-level bagholders are now panicking
This guy bet wrong, dropping from 522 million to just over 100 million, I can see through his pants
Recharging is admitting defeat, it's time to run away
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GasOptimizer
· 01-08 06:56
80% decline... This data structure is just outrageous, dropping straight from 522 million to 102 million, a typical reverse template of capital efficiency. 18 million coins dumped on the exchange, with an average cost of only $0.1386. It looks like this guy's hedging strategy has already collapsed in this wave of operations.
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just_another_wallet
· 01-08 06:56
A typical high-level bagholder, now eager to offload chips.
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MetaEggplant
· 01-08 06:54
Haha, it's the same old trick of big whales running away... 5.22 billion dropped to 102 million. This is really a killer signal, a clear sign of deposit and withdrawal manipulation.
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notSatoshi1971
· 01-08 06:53
Bro, this time I really got cut. An 80% drop directly handed over to the exchange. I knew there was no hope.
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DoomCanister
· 01-08 06:34
This whale is really panicking, dropping from 500 million to 100 million, an 80% decline—who can withstand that?
Recharging is a signal of surrender; stop talking about bottom-fishing or not.
Those who bought at the high in October are probably all trapped now...
This time is indeed a bit surreal; with the market cap falling like this, who still dares to enter?
Should have run away long ago; now that it's dragged on, only option is to cut losses.
From a booming presence to a near-deserted scene, how dramatic can this project's story get?
Recently, a big holder has become a bit restless. Starting to accumulate near the peak in early October, increasing their holdings all the way into mid-November. During that time, when market enthusiasm was at its highest, the market cap once surged to $522 million. And what happened next? It steadily declined to $102 million, a drop of nearly 80%.
Yesterday, this individual recharged 18 million tokens into the exchange, worth about $2.5 million, with an average cost of $0.1386. This action of recharging speaks volumes—holding a massive amount of chips, market confidence had long been lost. From confidently building positions to now urgently selling, isn't this a personal holding game?
With the market cap halved again and again, someone profits while others lose. Was this whale's big move a bottom-fishing effort or a real withdrawal? There’s no absolute answer in the market, but the act of recharging already says everything.