Crypto | On-chain Market Moves | August 18
The on-chain move that really makes me raise an eyebrow today is Base’s TSG. Within just a few hours, it repeatedly triggered a surge—then a pullback—then another surge. Three unusual spikes all played out on the same CA. The score bounced from 60 to 76, back and forth—it feels way too familiar. I’ve seen the same script on Solana before, and in the end, it turned into a total mess.
BSC also has something similar: the “panda head.” It pumped hard, pulling a market cap of 1.2 million U, but the volume didn’t keep up. That kind of pump-then-run is an instant pass for me. What’s worth watching on BSC instead is the “life chart” decline. The 700k-plus order book is breaking—meaning someone is distributing. This isn’t just noise.
On the volume/price anomaly board, FLOCK leads with volume at 38.8x, and MANTRA is also over 20x. These numbers are a bit too exaggerated. I looked up FLOCK’s previous behavior: after a long period of sideways consolidation, it suddenly broke out on a surge in volume. The outcome usually has only two possibilities—either it starts running or it’s already topping. You can’t judge from a single indicator. I generally wait for a second pullback to retest before deciding.
Market-wide: BTC rebounded to 64k, printing a small green candle. ETH is stuck around the 1900 level, and SOL is still probing at the lows. In August, this kind of mediocre chop is exactly what makes people make impulsive mistakes—when you get an itch to chase, you end up hunting shitcoins, and then you get buried. My advice: wait and observe. Don’t let the numbers on the board hypnotize you. The example of VELVET dropping -46% in a single day is right here today—red all over.
Which on-chain move have you all been watching lately? Do you think TSG can run up again, or is FLOCK—whose volume ratio is abnormal—actually the real opportunity? Let’s discuss in the comments.
The team at Shennong Notes will continue to share analyses of trading coins based on data, helping everyone avoid trading on gut feeling. Please follow us—updates every day!
The on-chain move that really makes me raise an eyebrow today is Base’s TSG. Within just a few hours, it repeatedly triggered a surge—then a pullback—then another surge. Three unusual spikes all played out on the same CA. The score bounced from 60 to 76, back and forth—it feels way too familiar. I’ve seen the same script on Solana before, and in the end, it turned into a total mess.
BSC also has something similar: the “panda head.” It pumped hard, pulling a market cap of 1.2 million U, but the volume didn’t keep up. That kind of pump-then-run is an instant pass for me. What’s worth watching on BSC instead is the “life chart” decline. The 700k-plus order book is breaking—meaning someone is distributing. This isn’t just noise.
On the volume/price anomaly board, FLOCK leads with volume at 38.8x, and MANTRA is also over 20x. These numbers are a bit too exaggerated. I looked up FLOCK’s previous behavior: after a long period of sideways consolidation, it suddenly broke out on a surge in volume. The outcome usually has only two possibilities—either it starts running or it’s already topping. You can’t judge from a single indicator. I generally wait for a second pullback to retest before deciding.
Market-wide: BTC rebounded to 64k, printing a small green candle. ETH is stuck around the 1900 level, and SOL is still probing at the lows. In August, this kind of mediocre chop is exactly what makes people make impulsive mistakes—when you get an itch to chase, you end up hunting shitcoins, and then you get buried. My advice: wait and observe. Don’t let the numbers on the board hypnotize you. The example of VELVET dropping -46% in a single day is right here today—red all over.
Which on-chain move have you all been watching lately? Do you think TSG can run up again, or is FLOCK—whose volume ratio is abnormal—actually the real opportunity? Let’s discuss in the comments.
The team at Shennong Notes will continue to share analyses of trading coins based on data, helping everyone avoid trading on gut feeling. Please follow us—updates every day!