Kinetiq is being talked about. I checked a few sources, and here’s my take.
At its current price of 0.474475, it’s up 129.70359% over the past sixty days, but gave back 5.27075% in the last day alone.
The drop isn’t that big, but against its own recent momentum, it stands out.
It hit an all-time high of 0.596236 on October 30, and at this price it’s still 20.42175% below that level.
Its circulating market cap is $152 million, versus a fully diluted valuation of $474 million. That 3.12x gap is all tokens that haven’t been released yet.
At first glance, I thought I’d misread it. I checked twice before I believed it.
On the same day, $BTC rose 2.547%, $ETH rose 4.145%, and $SOL rose 3.405%.
It was the only one moving down. This kind of divergence is worth watching more closely than the gains alone.
The biggest risk with tokens like this is the supply coming later. It’s like a reservoir that isn’t getting much more water, but all the gates are about to open at once.
When people head for the exits, there’s no orderly queue.
The people waiting at the door are the quickest to run. Liquidity may look sufficient most of the time, but there might not be enough buyers when the unlock happens.
Only 32.05% of the total supply is circulating, and daily trading volume is just 3.52% of the circulating market cap. The real test of conviction hasn’t arrived yet.
What do you think—is this a change of hands, or distribution?
#WLFI #以太坊 #Cryptocurrency
The above reflects my personal trading-system notes and observations of the data. It is not investment advice.
At its current price of 0.474475, it’s up 129.70359% over the past sixty days, but gave back 5.27075% in the last day alone.
The drop isn’t that big, but against its own recent momentum, it stands out.
It hit an all-time high of 0.596236 on October 30, and at this price it’s still 20.42175% below that level.
Its circulating market cap is $152 million, versus a fully diluted valuation of $474 million. That 3.12x gap is all tokens that haven’t been released yet.
At first glance, I thought I’d misread it. I checked twice before I believed it.
On the same day, $BTC rose 2.547%, $ETH rose 4.145%, and $SOL rose 3.405%.
It was the only one moving down. This kind of divergence is worth watching more closely than the gains alone.
The biggest risk with tokens like this is the supply coming later. It’s like a reservoir that isn’t getting much more water, but all the gates are about to open at once.
When people head for the exits, there’s no orderly queue.
The people waiting at the door are the quickest to run. Liquidity may look sufficient most of the time, but there might not be enough buyers when the unlock happens.
Only 32.05% of the total supply is circulating, and daily trading volume is just 3.52% of the circulating market cap. The real test of conviction hasn’t arrived yet.
What do you think—is this a change of hands, or distribution?
#WLFI #以太坊 #Cryptocurrency
The above reflects my personal trading-system notes and observations of the data. It is not investment advice.
