The broader market is falling, but this one is up 31%—and no one can explain why. $PIEVERSE is holding its ground today.
Up 31% in 24 hours and more than 70% in a week, trading volume has quadrupled to $160 million. The price touched $2.10, just a step away from its all-time high of $2.23. The key point: after combing through the news, there isn’t a single convincing bullish catalyst. This rally seems to be driven purely by buying pressure.
But there’s a sword hanging overhead: on November 14, the team’s and investors’ 12-month lockup expires. At least 33 million tokens—and as many as 86 million—will be unlocked in the first tranche, worth tens of millions of dollars at current prices. That would increase the circulating supply by nearly 30% all at once. The sharper the rally, the greater the uncertainty over whether the unlock will trigger a sell-off.
Key levels: Hold above $2.23, and the new-high story is on. Fall below $1.40, and this rally has run out of steam. Volatility is extreme, so proceed with caution—and don’t chase the price just because it’s rising.
#MemeCoinMoves
Up 31% in 24 hours and more than 70% in a week, trading volume has quadrupled to $160 million. The price touched $2.10, just a step away from its all-time high of $2.23. The key point: after combing through the news, there isn’t a single convincing bullish catalyst. This rally seems to be driven purely by buying pressure.
But there’s a sword hanging overhead: on November 14, the team’s and investors’ 12-month lockup expires. At least 33 million tokens—and as many as 86 million—will be unlocked in the first tranche, worth tens of millions of dollars at current prices. That would increase the circulating supply by nearly 30% all at once. The sharper the rally, the greater the uncertainty over whether the unlock will trigger a sell-off.
Key levels: Hold above $2.23, and the new-high story is on. Fall below $1.40, and this rally has run out of steam. Volatility is extreme, so proceed with caution—and don’t chase the price just because it’s rising.
#MemeCoinMoves