IO suddenly doubled yesterday, catching people off guard.
Originally, I thought that IO would continue to fall after going online like the doomed project FIL, but this time IO had a big fall.
This is mainly due to the support of DWF market makers, whose influence in the market cannot be underestimated.
At present, the market circulation of IO is only 95 million, and most of the airdropped IO chips have been digested by the market.
Most of the chips are still in the hands of the project party, and the subsequent unlocking plan of the project party is not clear for the time being.
However, IO has not seen any peaking trend at present, indicating that its upward momentum is still strong.
For coin friends who short IO, it may be very difficult now, and they need to add enough margin to prevent being liquidated.
The current market sentiment and technical aspects are not conducive to short selling. It is recommended to operate with caution and pay close attention to the unlocking dynamics and market changes of IO.
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