Today there are no big waves in the circle, but the OG in the fan token sector suddenly popped up. Looking at the K-line, a big bullish bar stands there, and the price has already hit around 3.221, which has actually pulled up nearly 20 points over 24 hours. For the OG, which usually doesn't fluctuate much, this is quite a movement.
I also checked the on-chain records, and sure enough, it's the old routine—burning. Just yesterday (April 14th), the project side burned a total of 1,000,000 OG on XPRNetwork as per usual. This has become a well-known tactic, burning once every month without fail, and the next burning date is set for May 12th.
To put it bluntly, this type of play looks like the market makers are giving us a clear signal. With the total supply shrinking, even if demand doesn’t increase, a lighter market makes it easier to pump prices. From the trading volume, this recent pump isn’t all smoke; the 24-hour trading volume is pushing towards $20 million, and the volume bars have noticeably thickened compared to the previous days, with MACD also giving us a bullish crossover at a low point. As long as you’re not chasing at the peak, the chances of snagging a bite are quite decent.
As for why the sudden push, aside from the burn as a catalyst, they’ve also drawn up some future prospects. I’ve heard they’re aiming to pivot towards VIP products and services, plus they’re looking to integrate with some enterprise applications. Although these bullish sentiments haven’t materialized yet, that's how this game works; it’s all about stoking the hype initially.
However, I must say upfront, there’s no such thing as only rising without any dips in this circle. There are whispers in the community that fan tokens have poor sustainability, sometimes the trading feels off, like the whales are just flipping it back and forth. This isn’t unfounded; OG pumps hard but doesn’t hesitate to correct. Knowing that it has a ‘scheduled pump every month’ nature, the strategy is simple: either you sit and wait for the right moment or don’t chase the highs when everyone else is euphoric.
Regardless, if you’re holding or watching OG, mark May 12th on your calendar. In this dreary environment, having a coin that can stir things up on schedule is definitely better than those that are playing dead.$OG
