$MAV Current situation is not too optimistic: the price has slid to $0.00941, the market cap is down to only $9.26 million, and 24-hour trading volume is just $1.03 million—liquidity is visibly leaking away.
On-chain activity has also cooled off in tandem; TVL continues to trend downward, and the protocol narrative is gradually being ignored by the market. Without fresh capital to prop it up, there’s almost no cushion against sell pressure—continued downside pressure in the near term is a likely scenario.
For me, there are only two things to watch:
1. Whether TVL can stop falling and stabilize—this is the prerequisite for confidence to return;
2. Whether trading volume can ramp back up, otherwise any bounce will just be noise caused by thin liquidity.
Until these two signals appear, I’d rather miss the move than become the bag holder.
#MaverickProtocol #DeFi #TVL
On-chain activity has also cooled off in tandem; TVL continues to trend downward, and the protocol narrative is gradually being ignored by the market. Without fresh capital to prop it up, there’s almost no cushion against sell pressure—continued downside pressure in the near term is a likely scenario.
For me, there are only two things to watch:
1. Whether TVL can stop falling and stabilize—this is the prerequisite for confidence to return;
2. Whether trading volume can ramp back up, otherwise any bounce will just be noise caused by thin liquidity.
Until these two signals appear, I’d rather miss the move than become the bag holder.
#MaverickProtocol #DeFi #TVL