𝙹𝚘𝚜𝚑𝚠𝚎𝚋𝟹_🧊⛓️
714 posts

𝙹𝚘𝚜𝚑𝚠𝚎𝚋𝟹_🧊⛓️
@joshweb3_
Onchain Analyst📑 • Dev 💻• Trader/Technical Analyst 📊
BLOCKCHAIN เข้าร่วม Aralık 2020
725 กำลังติดตาม951 ผู้ติดตาม


*runs 1 space in 2 months*
“When space?”
Tomorrow 11 am EST.
twitter.com/i/spaces/1qxvv…
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red flags that were visible BEFORE the pump:
▸ only 22.5% circulating supply
▸ brand new wallet with no history
▸ single transaction moving 11% of supply off exchange
▸ 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 — 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 👌
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𝙈𝙤𝙨𝙩 𝙥𝙚𝙤𝙥𝙡𝙚 𝙨𝙝𝙖𝙧𝙚 𝙤𝙥𝙞𝙣𝙞𝙤𝙣𝙨 𝙚𝙫𝙚𝙧𝙮 𝙙𝙖𝙮…
𝙖𝙗𝙤𝙪𝙩 𝙘𝙧𝙮𝙥𝙩𝙤, 𝙨𝙥𝙤𝙧𝙩𝙨, 𝙩𝙧𝙚𝙣𝙙𝙨 𝙖𝙣𝙮𝙩𝙝𝙞𝙣𝙜.
𝘽𝙪𝙩 𝙩𝙝𝙚 𝙩𝙧𝙪𝙩𝙝 𝙞𝙨, 𝙢𝙤𝙨𝙩 𝙤𝙛 𝙩𝙝𝙤𝙨𝙚 𝙩𝙖𝙠𝙚𝙨 𝙟𝙪𝙨𝙩 𝙛𝙖𝙙𝙚 𝙞𝙣𝙩𝙤 𝙩𝙝𝙚 𝙩𝙞𝙢𝙚𝙡𝙞𝙣𝙚.
@duel_duck 𝙞𝙨 𝙩𝙧𝙮𝙞𝙣𝙜 𝙩𝙤 𝙘𝙝𝙖𝙣𝙜𝙚 𝙩𝙝𝙖𝙩.
𝙄𝙩’𝙨 𝙖 𝙨𝙥𝙖𝙘𝙚 𝙬𝙝𝙚𝙧𝙚 𝙮𝙤𝙪𝙧 𝙥𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣𝙨 𝙖𝙘𝙩𝙪𝙖𝙡𝙡𝙮 𝙢𝙖𝙩𝙩𝙚𝙧…
𝙬𝙝𝙚𝙧𝙚 𝙗𝙚𝙞𝙣𝙜 𝙧𝙞𝙜𝙝𝙩 𝙞𝙨𝙣’𝙩 𝙟𝙪𝙨𝙩 𝙖 𝙢𝙤𝙢𝙚𝙣𝙩 𝙞𝙩’𝙨 𝙨𝙤𝙢𝙚𝙩𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙘𝙖𝙣 𝙨𝙩𝙖𝙣𝙙 𝙤𝙣.
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