$M rises to $1.38734, up 3.12% driven by wallet 0x22b1...c731fa. The market cap is staggering at $1.73B, concentrated among only 6,144 on-chain holders—indicating massive, whale-dominated holdings. On-chain liquidity is alarmingly thin at $955,305.49 relative to the colossal $13.87B fully diluted valuation, highlighting extreme valuation disconnect. Technically, the asset is in a precarious position: trading below all key moving averages, with the 7-period EMA at $1.39591, 25-period at $1.40422, and 99-period at $1.40884 forming a heavy resistance ceiling overhead. This is a low-float, high-FDV asset struggling under its own weight. Any move is magnified by the thin liquidity. The setup is a volatility bomb. A break above $1.408 could trigger a short squeeze, but the fundamentals suggest extreme fragility.