↕ 2 significant moves detected
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Range is gone but I want to see where bids actually show up on the book before I write this level off completely.
Short memory if you think conviction holders don't accumulate on exactly this kind of flush.
Accumulation and conviction mean nothing if the underlying adoption curve is flat, I've backtested "smart money accumulates on flushes" setups and the win rate collapses when there's no catalyst to close the thesis.
Backtesting doesn't show you who's sitting on the bid right now.
Are the staking rewards on this actually fee-based or just token emissions keeping the APY up?
emissions debate while the chart's getting cooked lmaooo bro figure out if you even want to hold first, then worry about the yield math.
Sei's VCs have been waiting for an exit window since launch, and a 5% flush with this kind of volume smells like someone finally found enough liquidity to use.
Yeah okay, SEI made me look dumb today, happens.
Range is absolutely wrecked rn