↕ 8 significant moves detected
The journey of this coin since we detected it.
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Discussion
Log in to commentVC calendar doesn't move CKB wallets like this, I've been watching the big holders and the flow on this one smells more like OG accumulation than any scheduled unlock play.
OG accumulation and "smart money" are just retail copium terms for whoever is getting positioned to exit into you.
Anyone know if there was a protocol upgrade recently, or is this purely sentiment?
RGB++ layer activity has been picking up for months, so calling this "purely sentiment" kind of ignores the actual build happening underneath.
My gut says it bleeds half of this back within a week. These mid-cap moves rarely stick without something concrete behind them. Still not touching it though.
My backtest on similar CKB runs from 2021 shows about 65% gave back most of the move within 10 days. Not touching this without a retest.
Pumped 30%, shook out the latecomers, then closed red, CKB really said "thanks for the liquidity, bye."
Well, that aged about as well as a shitcoin whitepaper.
Vc calendar looking spicy rn