@admiratorr
One of the coins that saw a very fast and steep decline from ATHs is $clanker.
A lot of scalpers, early buyers and smart money sold - some for fat profits and some for losses.
The interesting thing is that 3 of top 4 PnL wallets haven't sold a dime. One of them is almost $1m down on his unrealized gains and is still hodling. Current PnL is $1.36M.
Biggest sellers were scalpers and momentum traders.
Top holders are also unfazed by the drop. A whole slew of new high balance wallets have entered the top 100 holders in the last 24 hours (screenshot 1) - something worth watching since they will be the floor holders for the eventual next leg up.
This area around $75 is crucial POC to hold and we should see a reversal.
1 reply
0 recast
0 reaction