A heads up for everyone holding SPX6900: expect significant downside pressure ahead. We're looking at another 50% potential decline from current levels. Here's why—half a million worth of tokens just moved into a major exchange from the same wallet that dumped heavy positions weeks ago. The pattern here is pretty clear. It seems like the meme token cycle is hitting a wall right now. Watch those exchange flows closely.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
SudoRm-RfWallet/
· 11h ago
It's the same old story again, big players offloading as usual.
View OriginalReply0
HodlOrRegret
· 11h ago
Another wave of dumping, this is really tense.
View OriginalReply0
AlphaBrain
· 11h ago
Here comes the same old scam to harvest retail investors, it's endless, it's endless.
View OriginalReply0
YieldHunter
· 11h ago
lol if you look at the data, this wallet movement is literally textbook distribution pattern... degens never learn tbh. 50% downside sounds about right actually, exchange inflows + same dumper = recipe for impermanent loss on steroids. already watching the tvl metrics on this thing, correlation coefficient screaming red flags rn... sustainable returns? nah, ponzi scheme detector going brrr
A heads up for everyone holding SPX6900: expect significant downside pressure ahead. We're looking at another 50% potential decline from current levels. Here's why—half a million worth of tokens just moved into a major exchange from the same wallet that dumped heavy positions weeks ago. The pattern here is pretty clear. It seems like the meme token cycle is hitting a wall right now. Watch those exchange flows closely.