$CHIP is ripping again, up about 30% to $0.068 on $24M of 24h volume. This one is the USD.AI governance token, the protocol doing non-recourse loans against GPU collateral for AI infrastructure.
I have seen this movie before with CHIP. Earlier this year it did 122% and then gave back a third of it inside 36 hours. The structure has not changed: roughly 80% of supply stays locked, so the float is thin and every bid moves it hard. That cuts both ways.
Nothing new fundamentally today. It looks like pure alt-rotation money finding the AI-infra story again. $0.072 is the session high to beat, $0.06 is the first level bulls need to hold. Anyone still holding from the last wick?
I have seen this movie before with CHIP. Earlier this year it did 122% and then gave back a third of it inside 36 hours. The structure has not changed: roughly 80% of supply stays locked, so the float is thin and every bid moves it hard. That cuts both ways.
Nothing new fundamentally today. It looks like pure alt-rotation money finding the AI-infra story again. $0.072 is the session high to beat, $0.06 is the first level bulls need to hold. Anyone still holding from the last wick?