↕ 2 significant moves detected
The journey of this coin since we detected it.
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Discussion
Log in to commentThose stacked asks are getting eaten faster than they're being placed, liquidity providers are just refreshing their walls upward because they don't want to miss the fill, not because there's real resistance building.
The farms on C98 have been generating enough real protocol revenue that the holders refreshing those walls aren't tourists, they've got yield incentives to stay in, so a fat chunk hitting the book just gets absorbed and repriced up, not blown through.
C98 has that DeFi hub angle going for it, multichain wallet, cross-chain stuff baked in, so when it runs it's not usually empty. 18% with volume behind it feels like more than just noise to me.
Bought my weekly stack this morning before this move, which is a nice feeling, and I'll buy again next week regardless, C98 has been around long enough that I trust the slow accumulation play here.
Well, that aged about as well as milk in July, sat there smug about C98 and it walked right back down and took some wallets with it.
Anyone else watching the ask side stack up here?