Nexus ($NEX ) is currently experiencing a short-term market trend driven by "liquidity + activity": BingX has rolled out zero fees, Binance Alpha is hosting a trading competition, and there's a ton of airdrop expectations, which have rapidly boosted speculation. The current 24-hour trading volume is about $117 million, with a market cap of approximately $175 million, indicating decent investor interest.
However, the key risk lies in the chip structure: if around 60% of the circulating supply is concentrated in the team's hands, the price could either be quickly pumped or face severe pullbacks due to concentrated sell pressure. In the short term, focus on volume continuity and the support after the activities end, rather than just chasing the hype. #Nexus #AltcoinWatch
However, the key risk lies in the chip structure: if around 60% of the circulating supply is concentrated in the team's hands, the price could either be quickly pumped or face severe pullbacks due to concentrated sell pressure. In the short term, focus on volume continuity and the support after the activities end, rather than just chasing the hype. #Nexus #AltcoinWatch