Resting for a while..
Please engage my tweet ๐...
Our weekly space will still kick off my 8pm WAT ๐ฅ
We'll be discussing " DO YOU STILL BELIEVE IN WEB3"...
Don't miss it ,,,l
Link ๐
good morning frens
just wanted to say thank you to every single one of you who celebrated me on my birthday..
i truly appreciate all the love, messages, and kind words. it really means a lot to me ๐
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
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%.