Recently, CLO has been on a continuous upward trend, and there’s been no sign of distribution. This kind of movement is truly hard to predict. I went through the recent coins that have surged in my mind—JELLYJELLY? Not quite, that coin broke through resistance and then dropped sharply two days later. What about FOLKS? Similar story, a big bullish candle appeared and then it ran away. LIGHT’s situation is even more exaggerated; it was fully sold off within ten minutes after the rise.

After thinking it over repeatedly, this current upward trend of CLO somewhat resembles the feeling during early PIPPIN’s attempt to break its all-time high. During that period, PIPPIN was gradually pushing higher step by step. There was no rapid surge, nor was there a sudden dump; it was a steady climb.

If CLO’s fee rate later turns negative two and hits the ceiling, and if we follow the one-hour collection rhythm, I still have some confidence in this coin’s sustainability. Under this mechanism, the space for distribution is severely restricted, and in the short term, this coin might not complete its cycle so quickly. In this situation, both the main players’ patience and retail investors’ psychology will be stretched out again.