I opened the market this morning and $IOST hit me with a 9.41% gain, leading the pack. I was just about to say the market was bouncing back, but then I clicked in and saw it had peaked at 0.001908 today and was now quoted at 0.001198. That’s not leading the pack—that’s someone who climbed to the top of the mountain and then rolled back down.

Meanwhile, $ENA was up 8.76%, while on the losing side, $SOXLB was down 4.42%, at 99.25. The gainers are putting on a show, and the losers are taking a beating. Looking at the gainers and losers feels like joining two different group chats: one’s popping champagne, the other’s holding a memorial. This market has a split personality.

Some people are saying that a top gainer is a sign of a recovery. I’m not seeing it. The God of Wealth is on my side today: those few gainers are just coins celebrating by themselves, while the losers are the ones telling it like it is. This isn’t a recovery—it’s a case of some people celebrating while others suffer.

Anyway, after looking at this leaderboard, the God of Wealth has decided to keep playing dead and lie low. What did you look at first this morning—the gainers or the losers?

#IOST #TwoExtremesOfGainsAndLosses