JCT: Behind the 300% surge, token unlocks and new issuance deliver a double squeeze
The price tripled in a single day, pushing its market cap to 120 million, while 76 million in trading volume fueled the frenzy. But the top 10 addresses hold nearly 80% of the tokens. This isn’t about sharing the gains—it’s a setup to cash out at others’ expense.
A net inflow of 500,000 looks bullish, but in reality, it’s buyers stepping in to hold the bag. Social media is touting 5x to 10x gains, while KOLs are positioning themselves to short. The November 10 unlock, combined with a contract that can be upgraded and issue more tokens, means holders could be diluted at any moment.
The top 10 addresses control 79.4% of the supply. If whales sell, a stampede could follow.
#JCT #BSC
The price tripled in a single day, pushing its market cap to 120 million, while 76 million in trading volume fueled the frenzy. But the top 10 addresses hold nearly 80% of the tokens. This isn’t about sharing the gains—it’s a setup to cash out at others’ expense.
A net inflow of 500,000 looks bullish, but in reality, it’s buyers stepping in to hold the bag. Social media is touting 5x to 10x gains, while KOLs are positioning themselves to short. The November 10 unlock, combined with a contract that can be upgraded and issue more tokens, means holders could be diluted at any moment.
The top 10 addresses control 79.4% of the supply. If whales sell, a stampede could follow.
#JCT #BSC