$MAV Recently on-chain activity has clearly weakened, so it’s worth being cautious.
The current price is $0.00941, and the 24h trading volume is only $1.03 million, while the market cap has shrunk to $9.26 million. The protocol’s TVL continues to decline, and token liquidity thins out in tandem. When these two signals overlap, they often indicate that both market makers and real users are pulling out.
From the viewpoint of the chip distribution, the sideways consolidation amid shrinking trading volumes is not a “bottoming out,” but rather a lack of buyer follow-through. Once a large sell order hits the market, price slippage can be amplified, and short-term cascading selling is more likely.
A few things to watch from a personal perspective:
1. TVL is the lifeblood of a DeFi protocol; a continuous decline suggests the product is not retaining capital.
2. In a low-volume environment, it’s difficult for any good news to sustain a lasting trend.
3. If you’re looking to position for a reversal, at minimum you should wait for TVL to stabilize and for daily trading volume to return above the average before considering it.
Unless the fundamentals improve, the risk of chasing higher is far greater than the potential upside. Staying on the sidelines, or waiting for clear signs of capital returning, is the more rational choice.
#DeFi #TVL #On-chain data