$IDOL Hey guys, here's another coin with a fairly high holder concentration according to CryptoRank. On the yearly timeframe, it's still down quite a lot, but the price has been holding around this level for the past few hours with no signs of falling. Trading volume is pretty high—decent volume. I think this coin still has momentum and plenty of room to continue its uptrend. Liquidity on both sides is currently quite thin. In my opinion, coins like this are more likely to rise. A lot of people think a high holder concentration makes a coin prone to sell-offs, but I don't think so. To sell off, the price would need to be at a reasonable level, and liquidity would need to be substantial. Looking at this, I'm still leaning more toward an upward move.
<•> Note: This is not financial investment advice.
$IDOL