Then let me also talk about the two people who suffered the most on yesterday’s decline list.
Let me briefly introduce it below🧵
-Both were announced on Binance on the same day
-PNUT's market value was 100 million at the time, while ACT's market value was only 30 million
- Both of them were basically 400M~500M when they were listed on Binance
-ACT is the AI track and PNUT is the Meme track
💭First of all, PNUT has experienced two relatively large adjustments at 120👉30 and 150👉80. The turnover in the middle was relatively sufficient until it was stuck at 100 and announced to be listed on Binance.
💭 ACT is relatively stable, fluctuating in the 20M range. When it was announced on Binance, it was still in the 30M range, and it was still in a position that had not been changed many times. Suddenly it rose to 400M, and the early chips were almost ten times more.
-After going online, one peaked at 2.5B and the other peaked at 900M
- Based on the market value at the time of listing, PNUT’s high point is 25x while ACT’s is 30x
Let me give you an analysis of my personal opinion.
① Insufficient ACT turnover
②ACT retail vehicles are too heavy
③Too many chips in the early stage of ACT
In fact, ① and ③ are similar
Let's just say that even at the current position, ACT early chips still have a 10-fold profit
At the moment Binance announced the announcement, a few institutions used Bot to buy thousands of Sol base positions (they themselves admitted it)
At that time, PNUT was the main hot spot and ranked at the front. Most people's first reaction was to rush to PNUT but ignored ACT with a market value of 30M. Therefore, the chips in this area were more from institutions.
But why do you say that retail vehicles are too heavy? 💭
Because the early chips are owned by institutions, but in the middle and late stages, it is almost retail investors who take over.
What is the difference between institutional and retail investors?
Institutions are like a bag of sand. If they fall back to their position, they have funds to back them up, or they have their own investment plans. Retail investors are like a pile of sand, and each grain of sand is in a different position. The consensus is in the face of interests.
In fact, the overall AI market was good some time ago, but ACT could not be pulled up after many adjustments. In fact, I also bet on a breakthrough at 0.55, but it could not go up again after reaching 0.6...
It is still difficult for everyone to make money as the retail investors are too heavy. However, the super bull market may not come yet. Let’s look forward to the overall performance of the cottage industry next month.
