Recently, some noteworthy trends have emerged in the cryptocurrency market. The Spark project showed signs of significant capital entering at the bottom on Friday night, and analysis suggests it may be backed by a powerful investment group in the United States. This group has previously operated several projects with a scale of around 20 million dollars and has become active again after a year of rest. Interestingly, the timing of Spark's pump often coincides with the U.S. time zone, which has drawn attention from the market.



At the same time, the BOSS project is also showing a similar trend. Signs of fund accumulation have begun to appear at price levels below 15 million dollars, with non-cluster funds quickly absorbing about 11% of the shares, while cluster funds have remained stable, even slightly increasing their holdings. Currently, the main selling pressure facing BOSS comes from early investors below 2 million dollars, who have sold about 70% of their holdings. Market participants expect that once the selling ratio of early chips reaches around 90%, the selling pressure will significantly ease, creating conditions for a new round of increases.

Another notable project is NAYN, commonly known as "Rainbow Cat." Its early price pump was primarily driven by the creator collecting fees, attracting retail investors and some sharp investors. Currently, 87% of NAYN's early chips have been released, and there is a new accumulation phenomenon at the bottom, with non-cluster funds absorbing 14% and cluster funds absorbing 9%. Market analysis suggests that as the early chips are gradually consumed, NAYN may welcome a new wave of market trends.

These market trends reflect that the flow of funds in the encryption currency sector is changing, and the behavior patterns of large holders are worth investors' close attention. However, due to the high volatility of the market, investors still need to remain cautious when making decisions and comprehensively assess risks.
SPK-4.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
SchroedingerMinervip
· 08-13 23:07
It feels like there's a surge of hidden currents, open the door and pump it up.
View OriginalReply0
SilentObservervip
· 08-12 00:40
The Spark operation really lacks originality.
View OriginalReply0
pumpamentalistvip
· 08-10 23:50
buy the dip spark is pretty fierce, brothers.
View OriginalReply0
BearMarketHustlervip
· 08-10 23:46
No more words, let's gather some bullets first.
View OriginalReply0
GlueGuyvip
· 08-10 23:40
You don't even need to look at the market anymore.
View OriginalReply0
rugged_againvip
· 08-10 23:30
Is the classic Be Played for Suckers scheme back?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)