⚠️ Only 8 of the 68 major trading pairs are up, and the biggest gainer is $M , which fell 23% last week.
Today, MemeCore rose about 15% against the market trend (briefly reaching +19.6% according to Phemex’s daily report). The catalyst was the October 15 announcement that it would integrate with LayerZero + Stargate: $M , USDC, and USDT can now be bridged between MemeCore, BNB Chain, and Base. But the bridge works both ways—it's easier for people on the outside to buy in, and just as easy for those on the inside to sell out. In the $0.91–$0.97 range, a group of holders who bought in the summer at $0.97–$1.28 and are down 30%–50% are waiting to break even. The closer the rebound gets to this range, the heavier the selling pressure from these holders is likely to be. Two more things are on the horizon: 56.11 million tokens (about 2.45% of the circulating supply) will unlock again on November 1, and the new bridge contract has not yet undergone an independent audit.
I’m watching just one condition: can the daily candle close back above $0.97? If not, I’d treat this move as an oversold bounce.
The above is a summary of public information and does not constitute investment advice.
At this level, do you think this is an oversold rebound—or an exit ramp for underwater holders?
$M #币安广场 #MemeCoin #LayerZero
Today, MemeCore rose about 15% against the market trend (briefly reaching +19.6% according to Phemex’s daily report). The catalyst was the October 15 announcement that it would integrate with LayerZero + Stargate: $M , USDC, and USDT can now be bridged between MemeCore, BNB Chain, and Base. But the bridge works both ways—it's easier for people on the outside to buy in, and just as easy for those on the inside to sell out. In the $0.91–$0.97 range, a group of holders who bought in the summer at $0.97–$1.28 and are down 30%–50% are waiting to break even. The closer the rebound gets to this range, the heavier the selling pressure from these holders is likely to be. Two more things are on the horizon: 56.11 million tokens (about 2.45% of the circulating supply) will unlock again on November 1, and the new bridge contract has not yet undergone an independent audit.
I’m watching just one condition: can the daily candle close back above $0.97? If not, I’d treat this move as an oversold bounce.
The above is a summary of public information and does not constitute investment advice.
At this level, do you think this is an oversold rebound—or an exit ramp for underwater holders?
$M #币安广场 #MemeCoin #LayerZero