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Today's Japanese narrative token: $114514
Actually, the holdings of this coin are already laid out there. The front-row profits are too many, mostly new wallets or wallets of a certain team.
No need for too much analysis. It has fallen from a high of 60 million market cap to 12 million. When this token's market cap was below 10 million, hardly anyone mentioned it.
Even after a 75% drop, the front-row profit positions are still quite heavy, and the control of the holdings is very concentrated.
It looks more like a turnover. Now, a 12 million market cap might be a good entry point, but watch out for stop-loss.