Recently, Coinbase and Kraken have started listing some high market cap coins, including those that had compliance concerns earlier and meme coins... Recently, meme coins have seen a surge with PEPE WIF, who will be next?
Can we guess which one is more likely based on data from blave.org? Maybe the whales are positioning themselves in advance?🤔
If we select three based on market cap size #BRETTmania #POPCAT #PUNT :
1️⃣ Comparing chip concentration: POPCAT has the highest short concentration and has reached an extreme situation, followed by BRETT, and lastly PNUT. If we also look at the recent changes in chip concentration, POPCAT's short concentration has clearly started to decline, while the other two are still increasing.
2️⃣ Comparing whale movements: BRETT and PNUT are both in a large liquidation phase, while POPCAT shows signs of opening positions, suggesting that whales may be positioning for long positions?
3️⃣ Comparing squeeze momentum: BRETT's bullish momentum continues to decline, while POPCAT has started to enter a bearish momentum phase, and PNUT, being a new coin, has no data yet.
🍌 Therefore, in summary (excluding market cap factors), POPCAT is the most likely candidate for whales to have positioned early, and once the bearish momentum completes, there is a chance for an upward trend; the next likely candidate is BRETT.
Data source: blave.org
