$CHIP didn’t just “dip” — it got hit by heavy selling pressure. Right now the clearest signal is simple: whales are exiting.
At the top, flows showed around $138M/hour outflows, and one wallet alone dumped nearly $2.3M as if price didn’t matter.
Price action is also weak. $CHIP pushed up toward $0.067 and got rejected instantly — clear sign that sellers are fully in control.
Why this is happening now: there’s a CEX competition ending in ~6 hours, and this looks like classic “buy the rumor, sell the news” behavior. In fact, this time the selling is even earlier — smart money is exiting before the event ends.
Only bullish hint (still risky): a whale opened around $7.65M in long positions across DEXs. That could mean insider confidence… or just catching a falling knife.
But supply pressure is the real concern: ~80% of total supply is still locked (10B tokens total)
22.9M tokens unlock on May 21 → more supply hitting the market = more sell pressure. $TRUMP
Indicators aren’t helping yet: RSI dropped near 15 (oversold), but bounce is weak
MACD is still deep red → momentum remains bearish
$CHIPUSDT Perp: 0.05938 📉$USDC
