Crypto | Major-holder activity | October 22
All 8 coins are labeled "super whales." But the one with a $2.58 billion market cap is down 26%. Who’s dumping on whom?
The broader market says it all: $BTC 81981 and $SOL 104 are both pulling back by 1.7%–2%, and BNB and ETH aren’t doing much better. At these levels, I’d only risk a small position.
Here’s the key point. 97% of the tokens are sitting in addresses that barely move, yet the price is still getting hammered. If it can’t hold up, there are two possibilities: holders are underwater and waiting to break even, or tokens are already changing hands. Neither is a reason to rush in right now.
I’ve learned this the hard way. I once saw a coin labeled "97% held by major players" and believed it. Three days later, it dumped 30% on me. I eventually realized that concentrated holdings don’t mean someone’s supporting the price. Often, early buyers got in at a very low cost, so every sale is pure profit. High concentration + a price that can’t hold up usually means distribution.
At the other extreme, CCNN1Wcqyh has a market cap of $4.36 million and is up 6,871% in 24 hours. The liquidity leaves no room for mistakes, so I’m passing.
The relatively healthy one is 0xc35ef056: its two pools are up 68% and 67%, with market caps of $700 million and $1.4 billion. The fact that it hasn’t crashed after rising suggests there’s still demand to absorb selling. But the broader market is down, so I wouldn’t recommend chasing it now.
Every coin in today’s batch is marked "First Seen," all the deltas are 0, and there’s no continuous data, so I’m not making any calls on adding or reducing positions. If you don’t understand it, it’s better to miss out than to go in big the first time it shows up.
Have you ever seen a coin with an extremely high share held by major players while its price keeps slowly sliding? Tell me about it—I want to know if I’m the only one seeing things that way.
All 8 coins are labeled "super whales." But the one with a $2.58 billion market cap is down 26%. Who’s dumping on whom?
The broader market says it all: $BTC 81981 and $SOL 104 are both pulling back by 1.7%–2%, and BNB and ETH aren’t doing much better. At these levels, I’d only risk a small position.
Here’s the key point. 97% of the tokens are sitting in addresses that barely move, yet the price is still getting hammered. If it can’t hold up, there are two possibilities: holders are underwater and waiting to break even, or tokens are already changing hands. Neither is a reason to rush in right now.
I’ve learned this the hard way. I once saw a coin labeled "97% held by major players" and believed it. Three days later, it dumped 30% on me. I eventually realized that concentrated holdings don’t mean someone’s supporting the price. Often, early buyers got in at a very low cost, so every sale is pure profit. High concentration + a price that can’t hold up usually means distribution.
At the other extreme, CCNN1Wcqyh has a market cap of $4.36 million and is up 6,871% in 24 hours. The liquidity leaves no room for mistakes, so I’m passing.
The relatively healthy one is 0xc35ef056: its two pools are up 68% and 67%, with market caps of $700 million and $1.4 billion. The fact that it hasn’t crashed after rising suggests there’s still demand to absorb selling. But the broader market is down, so I wouldn’t recommend chasing it now.
Every coin in today’s batch is marked "First Seen," all the deltas are 0, and there’s no continuous data, so I’m not making any calls on adding or reducing positions. If you don’t understand it, it’s better to miss out than to go in big the first time it shows up.
Have you ever seen a coin with an extremely high share held by major players while its price keeps slowly sliding? Tell me about it—I want to know if I’m the only one seeing things that way.