WIF surged eighteen percentage points in a single day; the price is 0.25, with over eight million in volume, and a market cap of 250 million.
This thing is basically a Shiba Inu chart with a hat—there’s no real story to tell; it all comes down to volume and momentum. I once chased the meme and got burned on the second bullish candle, and the next day it was dumped back to where it started. So for now, I’m mainly watching whether the volume can keep up—how much it rises comes second.
Today’s trading volume for WIF is an outlier on the board. The coins that ran up by dozens of percentage points beforehand had volume that was mostly just a fraction of this. The order book is so thin that you can literally count the orders placed. With the volume like this, at least it doesn’t look like one of those hollow float setups propped up by just a few hundred million.
This thing is basically a Shiba Inu chart with a hat—there’s no real story to tell; it all comes down to volume and momentum. I once chased the meme and got burned on the second bullish candle, and the next day it was dumped back to where it started. So for now, I’m mainly watching whether the volume can keep up—how much it rises comes second.
Today’s trading volume for WIF is an outlier on the board. The coins that ran up by dozens of percentage points beforehand had volume that was mostly just a fraction of this. The order book is so thin that you can literally count the orders placed. With the volume like this, at least it doesn’t look like one of those hollow float setups propped up by just a few hundred million.
