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Currently, only focus on the trend of $YGG spot. From the weekly chart, the trading volume of this coin has been shrinking week by week. There are signs of initial capital inflow, but the possibility of being trapped later is quite high. Large funds have many ways to unlock their positions, so there's no need to worry too much about liquidity issues.
Recently, YGG has indeed performed a bit poorly, and its popularity is completely disproportionate to the previous hype. This contrast is quite stark. A few days ago, AXS saw a considerable increase, but YGG surprisingly did not follow the upward trend, which is quite strange. In contrast, the weekly trading volume of AXS has been increasing, and the activity of funds is obviously higher than YGG.
This divergence indicates a clear bias in the market's attitude towards the two GameFi tokens. Is it that YGG's fundamentals are problematic, or are funds temporarily bearish on this sector? That remains to be seen. But from the perspective of trading volume, AXS's popularity is indeed stronger.
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AXS is rising while YGG is still sleeping, that's ridiculous.
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Poor performance is one thing, but if big funds really wanted to dump, they wouldn't do it so slowly.
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Either it's a fundamental issue or the popularity has faded. Which one should we bet on?
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They say liquidity is fine every day, but why is the trading volume getting thinner and thinner? It's self-contradictory.
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I'm optimistic about AXS's popularity, but it feels like YGG's game plan is going to cool off.
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The hype for promotion is so high, but in the end, it still can't beat AXS. How ironic.
Trading volume is shrinking so quickly, it might be difficult to turn things around later
AXS has already risen while YGG is still lying flat, the difference is too obvious
Rather than waiting for YGG to rebound, it's better to follow the hot money into AXS
It feels like YGG has never truly been popular, it's just hype.
AXS got that farm-to-fork verification energy, YGG just... rotting on the shelf
volume's lying thinner than a bad soufflé, ngl
AXS quickly rebounded, but YGG didn't follow, indicating that market sentiment has already changed.
I should have looked at AXS a long time ago, I don't understand why people still cling to YGG.