Crypto | On-Chain Movement | August 7
I just took a look at the on-chain data, and a few details are pretty interesting—let’s talk.
On BSC, the “Life K-line” today showed a price_drop signal. The market cap has already fallen to around $960k. Once this kind of meme coin turns, it often crashes in a cascading way—newcomers, please don’t go catching the falling knife.
On the Base chain, TSG has repeatedly triggered price_surge and then immediately followed up with price_drop. This kind of pulse-like pump-and-dump clearly looks like the market maker is testing the liquidity depth. The market cap fluctuates at the million-level, and I usually just block and ignore it.
What really made me take a closer look is the contract gainers ranking. The top performer surged 99% in 24 hours, but the trading volume is only $4.08M. A volume-less pump is very likely part of a pin-drawing / distribution playbook. Second place is up 46% with $4.15M volume—slightly better, at least there’s some real turnover. Third place is up 43% with only $1.7M volume. For a low-level coin to volume up at that stage, it’s either genuinely starting up or the last “push”—I lean toward the latter.
The Bottom Hunter has caught two targets. Both have retraced more than 75% from their highs and have been ranging for over two months. This position is only a real opportunity if they can line up with a “fire/signal” trigger. One of them also appears on the slow-rising list—showing higher lows for multiple days, suggesting some capital is quietly accumulating. But I won’t go heavy without a breakout with volume; at most I’ll do a small test.
Here’s my read: $BTC is grinding around 64,500. The support from $ETH 1900 is still holding. As for $SOL 73, it’s neither here nor there. The on-chain data tells us this isn’t a window for big-money accumulation—more like an ongoing battle among existing liquidity. My current position is light. I’d rather miss than make a wrong move.
What do you think? Is there any target you’ve been watching for a long time? Chat in the comments below👇
The team at Shen Nong Notes will continue to produce analyses of trading coins based on data analysis, avoiding trades driven by hunches. Welcome to follow! The team updates every day!
I just took a look at the on-chain data, and a few details are pretty interesting—let’s talk.
On BSC, the “Life K-line” today showed a price_drop signal. The market cap has already fallen to around $960k. Once this kind of meme coin turns, it often crashes in a cascading way—newcomers, please don’t go catching the falling knife.
On the Base chain, TSG has repeatedly triggered price_surge and then immediately followed up with price_drop. This kind of pulse-like pump-and-dump clearly looks like the market maker is testing the liquidity depth. The market cap fluctuates at the million-level, and I usually just block and ignore it.
What really made me take a closer look is the contract gainers ranking. The top performer surged 99% in 24 hours, but the trading volume is only $4.08M. A volume-less pump is very likely part of a pin-drawing / distribution playbook. Second place is up 46% with $4.15M volume—slightly better, at least there’s some real turnover. Third place is up 43% with only $1.7M volume. For a low-level coin to volume up at that stage, it’s either genuinely starting up or the last “push”—I lean toward the latter.
The Bottom Hunter has caught two targets. Both have retraced more than 75% from their highs and have been ranging for over two months. This position is only a real opportunity if they can line up with a “fire/signal” trigger. One of them also appears on the slow-rising list—showing higher lows for multiple days, suggesting some capital is quietly accumulating. But I won’t go heavy without a breakout with volume; at most I’ll do a small test.
Here’s my read: $BTC is grinding around 64,500. The support from $ETH 1900 is still holding. As for $SOL 73, it’s neither here nor there. The on-chain data tells us this isn’t a window for big-money accumulation—more like an ongoing battle among existing liquidity. My current position is light. I’d rather miss than make a wrong move.
What do you think? Is there any target you’ve been watching for a long time? Chat in the comments below👇
The team at Shen Nong Notes will continue to produce analyses of trading coins based on data analysis, avoiding trades driven by hunches. Welcome to follow! The team updates every day!