$NKN
I’ve been watching NKN (New Kind of Network) today, and it is doing something we see a lot right before a major delisting an explosive, high-volatility pump. The price just surged over 35%, even though the clock is ticking.
Here is what I’m seeing on the charts:
🔴 The Elephant in the Room
Let’s be real: the only reason NKN is this volatile right now is because Binance is delisting it on February 13th. We’ve seen this before with coins like DF earlier this week, traders jump in for one last "dead cat bounce" or a short-squeeze before the liquidity vanishes. But once that February 13th deadline hits, getting out will be much harder.
🟢 Why Some Are Still Buying
Despite the bad news, NKN actually has some solid tech. They are building a decentralized internet where people share bandwidth, and they’ve even had deals with companies like iQIYI in the past. On the 1-day chart, the MACD just flipped bullish, which is why we’re seeing this massive rebound to around $0.007. The community is split, some are "diamond handing" the long-term vision, while others are just here for the quick pump.
⚠️ The Risks are Extreme
If you’re trading this, be incredibly careful. My indicators show that the "smart money" is already moving out. I’m seeing huge outflows from large holders who are likely using this pump as their exit door. The volatility is off the charts, and with the delisting just 4 days away, the risk of a "dump" is much higher than the chance of a "moon."
My Plan:
I love the idea of a decentralized web, but I never fight a delisting. I’m staying completely away from this one. I’ve seen too many traders get stuck with "worthless" bags because they tried to catch the very last move. If I were holding, I’d be using this 35% pump to secure my exit before the lights go out on the 13th.