A Meme token "1" on a certain public chain experienced significant volatility around 11:00 today. Starting from a high of $0.0164, it continued to decline and fell to a low of $0.0064 within 3 hours, followed by a slight rebound. As of now, the token price is stable around $0.0079, with a market cap of approximately $7.9 million.
From on-chain data, the holding structure behind this decline is quite interesting. The average cost of the top 100 addresses is about $0.0066, and these large holders collectively hold 61% of the circulating supply. Among them, the top 10 addresses have an average cost of about $0.00787, accounting for approximately 24.5% of the holdings—that is, these super large holders' costs are almost near the current price.
What’s more noteworthy is that most KOL addresses holding this token are currently in floating losses. This reflects that during this decline, both retail investors and opinion leaders are generally in a loss position.
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RugpullTherapist
· 01-21 08:28
It's the same old trick again, big investors' costs are tightly covered, KOLs are all losing... Basically, it's just dumping the market.
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The top ten addresses are holding costs close to face value. Are they trying to support the market or waiting to cut losses?
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Haha, another meme coin breaking out, retail investors and KOLs are all going down together. No one can escape.
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From 0.0164 to 0.0064, a 3-hour direct halving. Can you believe this rebound?
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61% of the circulating supply is in the top 100 addresses. This is a deadlock.
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KOLs are all floating in losses. Do you dare to take over the position, buddy?
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It looks like the big investors can't support it anymore. Let's wait and see the chopping of the leeks show.
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OldLeekNewSickle
· 01-21 08:24
Hmm… The top 10 addresses have an average cost of only 0.00787, now it's 0.0079… The distribution of chips is really outrageous. Who is picking up the bags?
KOLs are all in floating loss and still hyping? Laughing to death. That’s why I only watch and don’t buy.
If the big players who bought in at 0.0066 start to dump, retail investors won’t even have a chance to react.
The top 100 addresses hold 61% of the circulating supply… How much can they cut?
Honestly, I’ve memorized this meme coin dumping pattern. It’s always the same flavor.
A Meme token "1" on a certain public chain experienced significant volatility around 11:00 today. Starting from a high of $0.0164, it continued to decline and fell to a low of $0.0064 within 3 hours, followed by a slight rebound. As of now, the token price is stable around $0.0079, with a market cap of approximately $7.9 million.
From on-chain data, the holding structure behind this decline is quite interesting. The average cost of the top 100 addresses is about $0.0066, and these large holders collectively hold 61% of the circulating supply. Among them, the top 10 addresses have an average cost of about $0.00787, accounting for approximately 24.5% of the holdings—that is, these super large holders' costs are almost near the current price.
What’s more noteworthy is that most KOL addresses holding this token are currently in floating losses. This reflects that during this decline, both retail investors and opinion leaders are generally in a loss position.