$GSTOCK and $BREW launched Alpha together, and a lot of people looked down on BREW.
But after nearly half a month, the prices have gone in different directions. BREW has been the steadiest, with a low of 7.6 million and a rebound to a market cap high of 13.5 million. By contrast, GSTOCK fell from 28.8 million to a low of 7.1 million today, and has now rebounded to a market cap of 10 million.
Some people are FUDding GSTOCK and hyping BREW now, so let’s take a quick look.
The biggest difference between the two is that GSTOCK is just a narrative—the story of MEME returning to the boardroom. The platform token is GENIUS. BREW, on the other hand, is the token of a newly launched launchpad, with no other new story to tell.
Looking at the latest GSTOCK sell-offs, the top two sellers aren’t whale dumpers, but high-frequency bots that have been trading the spread. The ones who truly sold out and left were early large holders. Meanwhile, since BREW launched, overseas buyers have been building their positions, with very little selling.
This shows that the two projects have taken different approaches to market making and responded differently since launch.
If GENIUS doesn’t pump, GSTOCK won’t pump either. One reason is that it’s not time to pump yet—it needs to shake out holders, since gains from 3 million to 40 million are too large. Another is that the airdrop has hurt confidence. As a new launchpad, BREW needs to make a name for itself and find a way forward. If it wants to get listed for futures, it can only keep pumping on its own.
But what I care more about is whether the two platforms keep building, and whether their original narratives have changed.
For now, I haven’t seen any obvious changes on either front. Both could potentially launch futures.
Of course, FUD during GSTOCK’s pullback is normal. The market won’t keep rising just because of a narrative. This kind of price action is the right way to manage it. If BNCB’s holdings continue to grow and the new products they announce actually launch, then these fluctuations may just be part of the process.
As I always say: sometimes the process doesn’t matter; you just need to know the outcome.
#跟着锦鲤学打百倍金狗 $币安人生
Follow Web3 Koi Diary, and the coins you buy could go up tenfold.
But after nearly half a month, the prices have gone in different directions. BREW has been the steadiest, with a low of 7.6 million and a rebound to a market cap high of 13.5 million. By contrast, GSTOCK fell from 28.8 million to a low of 7.1 million today, and has now rebounded to a market cap of 10 million.
Some people are FUDding GSTOCK and hyping BREW now, so let’s take a quick look.
The biggest difference between the two is that GSTOCK is just a narrative—the story of MEME returning to the boardroom. The platform token is GENIUS. BREW, on the other hand, is the token of a newly launched launchpad, with no other new story to tell.
Looking at the latest GSTOCK sell-offs, the top two sellers aren’t whale dumpers, but high-frequency bots that have been trading the spread. The ones who truly sold out and left were early large holders. Meanwhile, since BREW launched, overseas buyers have been building their positions, with very little selling.
This shows that the two projects have taken different approaches to market making and responded differently since launch.
If GENIUS doesn’t pump, GSTOCK won’t pump either. One reason is that it’s not time to pump yet—it needs to shake out holders, since gains from 3 million to 40 million are too large. Another is that the airdrop has hurt confidence. As a new launchpad, BREW needs to make a name for itself and find a way forward. If it wants to get listed for futures, it can only keep pumping on its own.
But what I care more about is whether the two platforms keep building, and whether their original narratives have changed.
For now, I haven’t seen any obvious changes on either front. Both could potentially launch futures.
Of course, FUD during GSTOCK’s pullback is normal. The market won’t keep rising just because of a narrative. This kind of price action is the right way to manage it. If BNCB’s holdings continue to grow and the new products they announce actually launch, then these fluctuations may just be part of the process.
As I always say: sometimes the process doesn’t matter; you just need to know the outcome.
#跟着锦鲤学打百倍金狗 $币安人生
Follow Web3 Koi Diary, and the coins you buy could go up tenfold.
