Up 72.5%—put simply, that’s because the starting point was conveniently chosen.
On November 14, $SHELL was trading at 0.0325. The +72.5% is calculated from 0.0189, its price 24 hours earlier.
Compared with yesterday’s close of 0.0364, it’s down 10% today; from the high of 0.0516 to 0.0325, it fell 37% along the way.
Trading volume was $29.9 million, while the circulating market cap was only $8.79 million—a turnover rate of 3.4 times in one day. Total supply is 1 billion, with 730 million not yet released.
That’s not how you should read the numbers. With turnover above 3x, the money is just moving around among existing holders—not new money coming in to build positions.
I’m watching 0.0188, the level where the rise began 24 hours ago. If it falls back there, every bit of this gain will be gone.
#BlackAndWhiteAccounting
On November 14, $SHELL was trading at 0.0325. The +72.5% is calculated from 0.0189, its price 24 hours earlier.
Compared with yesterday’s close of 0.0364, it’s down 10% today; from the high of 0.0516 to 0.0325, it fell 37% along the way.
Trading volume was $29.9 million, while the circulating market cap was only $8.79 million—a turnover rate of 3.4 times in one day. Total supply is 1 billion, with 730 million not yet released.
That’s not how you should read the numbers. With turnover above 3x, the money is just moving around among existing holders—not new money coming in to build positions.
I’m watching 0.0188, the level where the rise began 24 hours ago. If it falls back there, every bit of this gain will be gone.
#BlackAndWhiteAccounting
