A friend just messaged, “Have you seen $MPLX ?” I thought I was about to hear someone crying about a sell-off again. I clicked in and saw it wasn’t crashing—it had just pumped and was catching its breath near the highs.
The 15-minute chart makes it pretty clear: it spent a long time hovering around 0.05, then one huge volume candle shot straight up, briefly touching around 0.13. Now it’s pulled back and is wobbling around 0.08. It’s up about 67% in 24 hours, with roughly $3 million in trading volume and a market cap of over $30 million.
It’s listed on Binance Alpha, tagged as Launchpad, and its description tells the story of the issuance standard from Metaplex. There’s definitely hype, but it only has a little over 600 holders, and liquidity is thin. With this kind of sharp pump-and-dump action, it’s easy to get stuck halfway up if you chase it. Binance has also posted a high-volatility warning.
I’m not chasing this candle. If you’re already holding, just watch to see whether it can hold on a pullback; if you’re out, it’s probably better to wait for the spike to cool off before deciding whether to touch it.
Were you already holding $MPLX , or did you only just notice that green candle?
#$MPLX #瑞士批准首只比特币ETF #U.S. spot Bitcoin ETFs see $527 million in net inflows
The 15-minute chart makes it pretty clear: it spent a long time hovering around 0.05, then one huge volume candle shot straight up, briefly touching around 0.13. Now it’s pulled back and is wobbling around 0.08. It’s up about 67% in 24 hours, with roughly $3 million in trading volume and a market cap of over $30 million.
It’s listed on Binance Alpha, tagged as Launchpad, and its description tells the story of the issuance standard from Metaplex. There’s definitely hype, but it only has a little over 600 holders, and liquidity is thin. With this kind of sharp pump-and-dump action, it’s easy to get stuck halfway up if you chase it. Binance has also posted a high-volatility warning.
I’m not chasing this candle. If you’re already holding, just watch to see whether it can hold on a pullback; if you’re out, it’s probably better to wait for the spike to cool off before deciding whether to touch it.
Were you already holding $MPLX , or did you only just notice that green candle?
#$MPLX #瑞士批准首只比特币ETF #U.S. spot Bitcoin ETFs see $527 million in net inflows