According to observations, the top three (project parties) have seen their holding percentage drop from 99% to around 50% (although most of the coins are on exchanges, they have already flowed from the project parties to retail investors). Observations indicate that the project parties have completed their sell-off. The volume has plummeted with no one supporting the price; this coin is on a dead end.
The lack of support is not only because the project parties have completed their sell-off, but also because retail investors hold too many coins. The current market value is 286 million USD, and to double it would require over 500 million USD. The project parties are already well-fed and are unlikely to spend more money to support the price; as the saying goes, "a well-fed duck won't go into the water."
Therefore, I advise all brothers not to blindly bottom-fish; your bottom-fishing behavior is essentially supporting the project parties. This coin will eventually reach 0.1 USD, or even 0.001 USD. #Coal
The lack of support is not only because the project parties have completed their sell-off, but also because retail investors hold too many coins. The current market value is 286 million USD, and to double it would require over 500 million USD. The project parties are already well-fed and are unlikely to spend more money to support the price; as the saying goes, "a well-fed duck won't go into the water."
Therefore, I advise all brothers not to blindly bottom-fish; your bottom-fishing behavior is essentially supporting the project parties. This coin will eventually reach 0.1 USD, or even 0.001 USD. #Coal