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From a booming presence to a near-deserted scene, how dramatic can this project's story get?
Recently, a big holder has become a bit restless. Starting to accumulate near the peak in early October, increasing their holdings all the way into mid-November. During that time, when market enthusiasm was at its highest, the market cap once surged to $522 million. And what happened next? It steadily declined to $102 million, a drop of nearly 80%.
Yesterday, this individual recharged 18 million tokens into the exchange, worth about $2.5 million, with an average cost of $0.1386. This action of recharging speaks volumes—holding a massive amount of chips, market confidence had long been lost. From confidently building positions to now urgently selling, isn't this a personal holding game?
With the market cap halved again and again, someone profits while others lose. Was this whale's big move a bottom-fishing effort or a real withdrawal? There’s no absolute answer in the market, but the act of recharging already says everything.
Another big player cutting the leeks, tired of seeing it.
Recharging is just admitting defeat, don’t bother with bottom-fishing, this is a signal to escape.
If I had known earlier, I would have followed the trend. Now I’ve lost everything and am completely disheartened.
Even the whales are scared, retail investors are still sleepwalking.
An 80% decline, this project is probably beyond saving.
Recharging $2.5 million just to cut losses? Is it worth it, everyone?
The big players starting to dump is truly a sign of lack of confidence.
This kind of rhythm just smells like a trap for the bagholders.
It's another tragedy for the buyers at the high point.
Recharging so many coins, this eighteenth-tier project is completely finished, right?
This guy bet wrong, dropping from 522 million to just over 100 million, I can see through his pants
Recharging is admitting defeat, it's time to run away
Recharging is a signal of surrender; stop talking about bottom-fishing or not.
Those who bought at the high in October are probably all trapped now...
This time is indeed a bit surreal; with the market cap falling like this, who still dares to enter?
Should have run away long ago; now that it's dragged on, only option is to cut losses.