CREAM is down 65 points today, current price is 2.1 dollars, and trading volume is only 276K USDT. The volume is $CREAM $$CREAM— I can only say it’s ridiculous. This thing back then was the governance token of Cream Finance. At its peak it was dozens of dollars. It’s a cross-chain lending protocol that’s been hacked several times. The worst time it lost more than $130 million, basically a severe blow from which it barely recovered. The team is anonymous; the code was forked from Compound, and they added some shady “leveraged yield farming” operations. In the end, the risk controls were so terrible it turned into a hacker cash-withdrawal machine. Now the market cap has fallen to this level; the circulating supply is painfully small. With just a few tens of thousands of dollars you can pump it “to the moon.” This is a classic zombie coin reviving—live on stage.
Meanwhile, VIB is down 63 points, BETA goes straight to zero. NIL is up 45 points with $36M in成交额, and PYR is also barely alive. This market is just leftover capital rotating in the junk pile, reheating yesterday’s food. The smaller your “plate,” the higher you can jump. According to Binance real-time data, this move in CREAM is basically an oversold rebound plus the market makers testing the waters. The fundamentals have been rotten for a long time—don’t really believe any “comeback” narrative. Gold at 2360 is mostly sideways, crude oil around 82 is swinging, the Nasdaq is slightly up. Macros didn’t really give any direction; altcoins are basically just playing with themselves.
For these old coins that “revive,” either you go in and out quickly to grab a trade, or just watch the show and don’t get carried away. Bag-holding is basically sending late-night snacks to the market maker. The above is only my personal opinion and does not constitute investment advice. #AltcoinSeasonIsHere #StopLossTips
Meanwhile, VIB is down 63 points, BETA goes straight to zero. NIL is up 45 points with $36M in成交额, and PYR is also barely alive. This market is just leftover capital rotating in the junk pile, reheating yesterday’s food. The smaller your “plate,” the higher you can jump. According to Binance real-time data, this move in CREAM is basically an oversold rebound plus the market makers testing the waters. The fundamentals have been rotten for a long time—don’t really believe any “comeback” narrative. Gold at 2360 is mostly sideways, crude oil around 82 is swinging, the Nasdaq is slightly up. Macros didn’t really give any direction; altcoins are basically just playing with themselves.
For these old coins that “revive,” either you go in and out quickly to grab a trade, or just watch the show and don’t get carried away. Bag-holding is basically sending late-night snacks to the market maker. The above is only my personal opinion and does not constitute investment advice. #AltcoinSeasonIsHere #StopLossTips
