Will $PEOPLE be the next coin to pull the market?
1) Dynamic information: The project originated from a crowdfunding campaign launched to bid for the source document of the United States Constitution. The final goal was not completed, but this method of all members working hard for one goal set off the craze of the DAO organization in 21 years. But times have changed. Looking at the official tweets, the last updated tweet was already on the 12th of last month. The project side did not pay attention to the project, which means that the project side will not pull the trigger;
2) Currency holding analysis: The total number of tokens is 5 billion, and all have been released. According to the currency holding analysis, more than 74% of the tokens are in the wallet addresses of five exchanges, of which OKX accounts for the largest proportion, accounting for 26.7% , the rest are Binance and Gate. It is estimated that most of the tokens are hot wallet and cold wallet addresses collected by users. It is also possible that exchanges hold most of the tokens, indicating that no big market players have the motivation to pull the market. Unless the exchange itself lists it!
3) Market analysis: Looking at the weekly chart, it has been falling continuously since its launch. It is understandable. After all, the hot spot of DAO has long since dispersed, and it is currently at a super bottom. Combined with the analysis of the first two points, the conditions for rapid market opening and cutting are not mature. But there is still a chance to wait for a wave of hot spots or a bull market to catch a rebound. After all, the name is particularly good. #People People, if there is politics, there will be it! (Do not rule out steady growth in the US presidential election)