๐น๐๐๐๐ ๐๐๐น_๐งโ๏ธ
714 posts

๐น๐๐๐๐ ๐๐๐น_๐งโ๏ธ
@joshweb3_
Onchain Analyst๐ โข Dev ๐ปโข Trader/Technical Analyst ๐
BLOCKCHAIN Katฤฑlฤฑm Aralฤฑk 2020
725 Takip Edilen951 Takipรงiler


*runs 1 space in 2 months*
โWhen space?โ
Tomorrow 11 am EST.
twitter.com/i/spaces/1qxvvโฆ
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@DoggerDc @Jeremybtc Can we connect? I just shot u follow
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red flags that were visible BEFORE the pump:
โธ only 22.5% circulating supply
โธ brand new wallet with no history
โธ single transaction moving 11% of supply off exchange
โธ volume/market cap ratio of 10x (impossible without wash trading)
every one of these was on-chain, public, and free to check
the information asymmetry in crypto isn't about access โ it's about who bothers to look
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Someone pulled $4.85 million off Binance yesterday and turned a $125 million crypto token into a $1.7 billion story.
> The token was STO, StakeStone's governance token for an omnichain liquidity protocol.
> On February 6 it was trading at $0.05.
> By April 1 it was at $0.11.
> Then a brand new wallet created days earlier, with no history, withdrew 25.5 million STO tokens from Binance in a single transaction.
> That was 11% of the entire circulating supply. Gone from the exchange in one move.
> When that much supply leaves an exchange at once, the available sell side liquidity collapses.
> Price moved because there was nothing left to sell into.
> It went from $0.11 to $0.26 in hours.
> Then kept going.
> $0.50. $0.80. $1.20.
> Within 72 hours STO hit an all-time high of $1.74.
> 24-hour trading volume hit $1.63 billion.
> The market cap at the time was around $125 million.
> That means volume was nearly 10 times the entire market cap in a single day.
> Only 22.5% of STO's total 1 billion supply is currently in circulation.
> 77.5% of tokens, held by early investors, the team, and locked allocations are still waiting to enter the market.
> A second new wallet deposited 28 million tokens, 12% of circulating supply back onto an exchange shortly after the peak.
> When tokens move back onto exchanges after a pump, it means someone is preparing to sell.
> The crash came fast. STO dropped over 60% from its peak within hours.
> People who bought at $1.50 were sitting at $0.60 the same afternoon.
> The token is currently trading around $0.40.
One wallet. One transaction. 11% of supply removed from an exchange is all it took to move the price 1,500%.

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@DoggerDc @Jeremybtc Very true you won't believe the amount on information one can get on-chain ๐
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@NextGenEmmanuel @duel_duck This is dope
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๐๐ค๐จ๐ฉ ๐ฅ๐๐ค๐ฅ๐ก๐ ๐จ๐๐๐ง๐ ๐ค๐ฅ๐๐ฃ๐๐ค๐ฃ๐จ ๐๐ซ๐๐ง๐ฎ ๐๐๐ฎโฆ
๐๐๐ค๐ช๐ฉ ๐๐ง๐ฎ๐ฅ๐ฉ๐ค, ๐จ๐ฅ๐ค๐ง๐ฉ๐จ, ๐ฉ๐ง๐๐ฃ๐๐จ ๐๐ฃ๐ฎ๐ฉ๐๐๐ฃ๐.
๐ฝ๐ช๐ฉ ๐ฉ๐๐ ๐ฉ๐ง๐ช๐ฉ๐ ๐๐จ, ๐ข๐ค๐จ๐ฉ ๐ค๐ ๐ฉ๐๐ค๐จ๐ ๐ฉ๐๐ ๐๐จ ๐๐ช๐จ๐ฉ ๐๐๐๐ ๐๐ฃ๐ฉ๐ค ๐ฉ๐๐ ๐ฉ๐๐ข๐๐ก๐๐ฃ๐.
@duel_duck ๐๐จ ๐ฉ๐ง๐ฎ๐๐ฃ๐ ๐ฉ๐ค ๐๐๐๐ฃ๐๐ ๐ฉ๐๐๐ฉ.
๐๐ฉโ๐จ ๐ ๐จ๐ฅ๐๐๐ ๐ฌ๐๐๐ง๐ ๐ฎ๐ค๐ช๐ง ๐ฅ๐ง๐๐๐๐๐ฉ๐๐ค๐ฃ๐จ ๐๐๐ฉ๐ช๐๐ก๐ก๐ฎ ๐ข๐๐ฉ๐ฉ๐๐งโฆ
๐ฌ๐๐๐ง๐ ๐๐๐๐ฃ๐ ๐ง๐๐๐๐ฉ ๐๐จ๐ฃโ๐ฉ ๐๐ช๐จ๐ฉ ๐ ๐ข๐ค๐ข๐๐ฃ๐ฉ ๐๐ฉโ๐จ ๐จ๐ค๐ข๐๐ฉ๐๐๐ฃ๐ ๐ฎ๐ค๐ช ๐๐๐ฃ ๐จ๐ฉ๐๐ฃ๐ ๐ค๐ฃ.
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