This wave of market rally is fierce, but it feels a bit frustrating to watch. A certain low-circulation token surged 21.41% in a single day to 0.16955 USDT, with trading volume suddenly jumping to 2.84 billion USDT, and the holding volume also surged to 2.65 billion USDT. Price, volume, and holdings are rising together, which sounds like big funds are entering the market. But in reality? Eighty percent of it is just a game played by emotions and low circulating supply.
From the chart perspective, a sharp increase in open interest (OI) usually indicates intensified bullish and bearish disagreements, and the activity of opening new positions is indeed very high. But the problem here is—there's no significant new development in the project's fundamentals, yet it can sustain such a large increase in price and holdings. Under these circumstances, high volatility and high risk often accompany. To put it plainly, the characteristic is clearly FOMO-driven rally, and the main players might be exploiting the low market cap to attract follow-up traders. Once profit-taking consolidates and distributes, a reversal could come very quickly.
In trading, it’s not recommended to chase the high on the right side. The key support level is around 0.1420 USDT (a previous dense trading area), and resistance is near 0.1850 USDT. If the price pulls back to the support level and trading volume significantly shrinks, small positions can be considered for testing; if volume expands and breaks below 0.1420, the upward structure is broken, and a reassessment is needed.
This token is positioned as a Web3 social and identity protocol, aiming to integrate users' on-chain behavior data via blockchain to build a decentralized social graph. The direction is promising, but the current trend is clearly driven by emotions rather than fundamentals. Stay alert and don’t be blinded by the rally.
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DaoResearcher
· 2h ago
According to the project's Token Economics Whitepaper, this wave of FOMO-driven surge clearly violates the principle of incentive compatibility. The data structure showing a sharp increase in OI indicates that the long-short game has already fallen into a fragile Nash equilibrium. Once profit-taking triggers a cascade of liquidations, the entire price discovery mechanism will collapse.
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Gm_Gn_Merchant
· 18h ago
It's the same old trick. We've seen plenty of low-circulation hype, but can this time really be different?
The main force is just absorbing the follow-up orders. If the fundamentals haven't changed and it can still be pushed so aggressively, wake up, everyone.
Buying high now just makes you the bagholder. Just wait for the support at 0.142 to break.
The Web3 social concept is pretty good, but unfortunately it has turned into an emotional play, which is a bit of a pity.
Price and volume rising together sounds great, but in reality, it's just a setup. Don't be fooled.
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RetiredMiner
· 20h ago
It's the same old trick again, the classic move of cutting leeks with low circulation.
There's nothing fundamental about it. Can it really rise to the sky just on FOMO? Wake up, everyone.
If it drops below 0.142, I'll buy in. Chasing high now makes you a fool.
As for this kind of coin, I’d say it's just a tool for quick profits, don't treat it as a treasure.
With such exaggerated trading volume and no news, there’s definitely something fishy.
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BloodInStreets
· 21h ago
Same old trick, playing the game of lifting the market with low circulation, really treating retail investors as chives to be cut.
As long as the sentiment is still there, someone will take the bait, but unfortunately, the last one to catch the falling knife is often bloodshed.
The fundamentals are stagnant but it still manages to rally 21 points, how absurd is that? It’s just uncomfortable to watch.
When the reversal happens, it will be too late to run, and then it’s a choice between missing out and cutting losses.
Once the support breaks, the structure collapses, and this kind of rally is most afraid of a sudden turn.
The bottom-fishing opportunity only counts when panic selling crashes down; entering now is just helping the main players lift the market.
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CryptoComedian
· 21h ago
Laughing and then crying, isn't this just the daily routine of low circulating supply? Price and volume rising together sounds appealing, but in reality, it's all just FOMO tricks. There's nothing fundamentally supporting it, and as soon as the main force starts to unload, we have to pick up the bag.
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VirtualRichDream
· 21h ago
It's the same old trick again. I've seen too many emotional dips during low-price periods, and those chasing highs always end up losing.
I'm optimistic about the Web3 social track, but this wave is purely FOMO, with no fundamentals backing it up.
I'll consider it again if it drops to around 0.14. Trying to buy now will definitely get you hammered.
The main players' tactics are very old school, just attracting retail investors to buy in. Be careful not to get trapped.
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DegenWhisperer
· 21h ago
It's the same old trick again, low-market-cap coins acting like this every day, I'm really tired of it.
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P2ENotWorking
· 21h ago
It's the same old trick. Low circulation is being pumped up like this, with no fundamentals, yet it still rises 21%. A typical scheme by the main players to harvest retail investors.
Stop chasing. If the support level at 0.1420 breaks, you need to run.
This project, which has no fundamentals, is driven up purely by sentiment. It will have to pay the price sooner or later.
Once the resistance at 0.1850 is broken, I'll say more. Entering now is just giving away your assets.
By the way, these days, the more aggressive the rise with low circulation, the higher the risk. Be smarter, everyone.
This wave of market rally is fierce, but it feels a bit frustrating to watch. A certain low-circulation token surged 21.41% in a single day to 0.16955 USDT, with trading volume suddenly jumping to 2.84 billion USDT, and the holding volume also surged to 2.65 billion USDT. Price, volume, and holdings are rising together, which sounds like big funds are entering the market. But in reality? Eighty percent of it is just a game played by emotions and low circulating supply.
From the chart perspective, a sharp increase in open interest (OI) usually indicates intensified bullish and bearish disagreements, and the activity of opening new positions is indeed very high. But the problem here is—there's no significant new development in the project's fundamentals, yet it can sustain such a large increase in price and holdings. Under these circumstances, high volatility and high risk often accompany. To put it plainly, the characteristic is clearly FOMO-driven rally, and the main players might be exploiting the low market cap to attract follow-up traders. Once profit-taking consolidates and distributes, a reversal could come very quickly.
In trading, it’s not recommended to chase the high on the right side. The key support level is around 0.1420 USDT (a previous dense trading area), and resistance is near 0.1850 USDT. If the price pulls back to the support level and trading volume significantly shrinks, small positions can be considered for testing; if volume expands and breaks below 0.1420, the upward structure is broken, and a reassessment is needed.
This token is positioned as a Web3 social and identity protocol, aiming to integrate users' on-chain behavior data via blockchain to build a decentralized social graph. The direction is promising, but the current trend is clearly driven by emotions rather than fundamentals. Stay alert and don’t be blinded by the rally.