Jan 15
๐ฅณ With crypto coming to life again on Tuesday, commentary across social media reveals positive sentiment forming toward Solana, Dogecoin, and Cardano.
๐ค Meanwhile, things are much more polarized for top 3 assets Bitcoin, Ethereum, and XRP.
Jan 10
๐ As 2025 has kicked off with roller coastering prices for crypto's top assets, the amount of hodlers have fluctuated wildly since the new year:
๐ช Bitcoin $BTC: +102K Wallets
๐ชEthereum $ETH: +645K Wallets
๐ชXRP Ledger $XRP: +58K Wallets
๐ชCardano $ADA: +2.8K Wallets
๐ชDogecoin $DOGE: +29K Wallets
๐ชChainlink $LINK: -3.3K Wallets
If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).
Jan 8
๐ Average trading returns are a great representation of whether 'buying low' or 'selling high' is actually the right timing. Currently, wallets active in the past 30 days are in negative range for BTC, ETH, ADA, and DOGE, and the vast majority of altcoins.
When MVRV's are negative, this means a buy or addition to your holding is doing so while others are already at a loss. Historically, these 'blood in the streets' moments are when professional traders make money.
Trade with caution, and do not assume these opportunity zone signals will lead to an immediate turnaround. But probabilities are pointing to at least a short to mid term turnaround for crypto shortly, assuming economic or geopolitical factors don't get in the way. ๐
Dec 23
The crypto majority has flipped their moods from bullish to bearish in an alarming fashion these past 2 weeks. As market caps have corrected (particularly altcoins), there is far less interest in meme coins and far more interest back on Bitcoin. This crowd FUD is a healthy part of the cycle, and one that patient traders can capitalize on with this high level of 'blood in the streets'.
Dec 8
๐ถ๐ธ๐บ Meme coins are quietly having more mini breakouts this weekend. For coins like Dogecoin, Pepe, Dogwifhat, and Bonk, the larger wallets could continue to pump market caps longer until retail FOMO returns. Once the crowd catches wind and get greedy, the larger wallets sell and prices generally retrace shortly after.
Monitor these 4 meme coins here on this chart, and see how the crowd's speculative nature will continue to choose their fates.
Nov 18
๐ When a network's overall amount of wallets declines, it is a sign of FUD & capitulation from novice traders that is often a bullish indicator for the coin's price (since those liquidated coins are likely being bought by larger whales & sharks who are hodling for the long-term.
Retail traders largely control the amount of non-empty wallets on a network, considering there are an enormous amount of small wallets compared to whale wallets. With this said, here are the changes in non-empty wallets over the past month for notable top cap assets:
๐ช Bitcoin (BTC): +11,263 (+0.02%)
๐ช Ethereum (ETH): +1,950,000 (+1.50%)
๐ช XRP Ledger (XRP): +88,261 (+1.61%)
๐ช Cardano (ADA): -34,931 (-0.78%)
๐ช Dogecoin (DOGE): +109,410 (+1.65%)
๐ช Chainlink (LINK): +991 (+0.14%)
Nov 14
๐ฃ๏ธ The top trending tokens in crypto are being dominated by meme coins as speculative assets dominate this historic bull rally. The top 6 notable assets seeing significantly higher discussion rates across social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin sits at #7.
Nov 13
๐น๐ถ Meme coins have undoubtedly netted the best returns over the past week for traders with DOGE (+96%), PEPE (+97%), WIF (+67%), & BONK (+67%) leading the way.
Historically high speculative asset social dominance typically indicates greed and emotional trading. Be cautious while memes are the main cryptocurrency topic of interest across X, Reddit, Telegram, 4Chan, and BitcoinTalk.
Nov 12
๐ถ๐ Regardless of your take on meme coins, it has been impossible to ignore the ascension of crypto's top meme coin. In the past 4 weeks, there have been 74,885 more wallets holding less than 100K DOGE.
Meanwhile, shark and whale wallets are declining during this time, with a net drop of -350 in this same timeframe. Though 108 have returned in the past couple days to help spark this latest rally over $0.40 for the first in three and a half years.
Ideally, we want to see retail and key stakeholders accumulating speculative-driven coins like DOGE together. The next few days will be telling for sharks and whales to keep this momentum alive. ๐
Nov 7
๐ As altcoins made huge runs post-US election, the rate of discussion toward crypto's top assets are directly correlating with price activity.
๐ Most eyes are still on Bitcoin as traders see whether it can surpass $80K by the end of the week
๐ Ethereum has made a recent jump in discussion rate by surpassing $2.9K and slightly outperforming Bitcoin (a rare sight) on Thursday
๐ Solana, XRP, and Dogecoin are all a bit under the radar as the community has shifted their sights on BTC and ETH. But prices are still performing well