Here's an interesting discovery: Among the top ten RNUT holders, positions 5 through 8, as well as number 10, are all old wallets that have been dormant for over a hundred days. But today, when the price shot up to 6k, these addresses all jumped in and started buying at the same time, almost as if it was coordinated.
This kind of move clearly looks like a set of distributed accounts managed by a market-making team. How should we view this? It's a double-edged sword—on the plus side, it means there's a whale controlling the market, so at least there's someone willing to spend money to support the project. But there's also risk: if these wallets decide to dump all at once, more than half of the liquidity pool could be drained. If you're playing with this kind of coin, you need to be aware of the risks.
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GasFeeLady
· 1h ago
ngl, coordinated wallet movements like that always ping my mev radar... 130+ days silent then synchronized buys? that's market maker playbook written in blockchain. good for price stability i guess, but one wrong block and those liquidity pools are getting drained faster than my gwei watching sessions. been there, seen the rug pull narratives unfold. proceed with caution fr
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GasFeeGazer
· 12-09 14:59
Oh my, this is a typical case of whales banding together. It’s been over a hundred days with no movement, looks like they’re waiting for the right timing.
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quiet_lurker
· 12-09 14:57
Old wallets are entering the market en masse; this move is truly outrageous. It feels like RNUT is just a cash machine for the big whales.
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SmartContractDiver
· 12-09 14:35
The timing is too obvious. After sleeping for over a hundred days, suddenly everyone jumps in at once? This isn't a coincidence; this reeks of market manipulation.
Here's an interesting discovery: Among the top ten RNUT holders, positions 5 through 8, as well as number 10, are all old wallets that have been dormant for over a hundred days. But today, when the price shot up to 6k, these addresses all jumped in and started buying at the same time, almost as if it was coordinated.
This kind of move clearly looks like a set of distributed accounts managed by a market-making team. How should we view this? It's a double-edged sword—on the plus side, it means there's a whale controlling the market, so at least there's someone willing to spend money to support the project. But there's also risk: if these wallets decide to dump all at once, more than half of the liquidity pool could be drained. If you're playing with this kind of coin, you need to be aware of the risks.