Why I'm optimistic about #dog, currently at 3M
61uiuu5aAc2HG1ZQaHd3opfLnK6cM4FQnE1jRi28pump
Background: A new coin launched by the dev of wif, a dog without a cap, strongly related to wif, and the ticker is top-tier.
1. Popularity: Launched with a market cap of 15 million USD, P Xiaojian took nearly 600,000 USD, causing a stir across the internet, then it dropped to 4 million, facing a lot of criticism, and continued to plummet to 1 million. Various FUDs emerged on Twitter, with many accusations of bundling, sniping, and insider trading...
Does it resemble the spark script? Both had high initial popularity followed by continuous FUD.
2. Slogan: Without a cap, wif is just dog.
Top memes often have a catchy and easy-to-understand slogan.
3. Chip distribution: A large amount of trading occurred in the bottom range, indicating chip turnover, which means someone is accumulating.
In the bottom range of 1M-3M, the net inflow of new wallets accounted for 32%, indicating accumulation by the big players, while high-frequency holders only accounted for 4.6%, suggesting that there won't be much selling pressure after a pump.
4. Price trend: Look at the chart, does it resemble spark?
I bought some, positioned myself, good luck 🙏
Show original


20.14K
11
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.