The value of this article is still rising with the $PROS rally.
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The secondary market has added a target, $PROS
Reason:
Small market cap + frequent movements
Small market cap:
The current market cap is only 11 million, and there have been recent fluctuations in the Binance spot market, with increased trading volume.
Frequent movements:
Animoca Brands directly announced buying more pros in the secondary market, and the pros official stated they transferred 2 million coins into Binance for market cap. I checked the address, and it belongs to Animoca Brands as well.
On October 3rd, pros entered the observation zone, had a drop, then on October 10th released good news, had a surge, and then dropped down to wash out.
From a conspiracy theory perspective: I speculate that this is a quality shell, and they are rewriting the narrative for it. Before that, they wash out the market with bad news, then rush it up, raising the bottom, and continue to wash out.
Let's take a look at their new narrative.
The Bitcoin ecosystem's "depin+rwa"
The token PROS anchors the computing power of mining rigs. Those interested should research further on their own.
DYOR
However, the risk is that it is currently in the Binance observation zone. Binance trading accounts for about 60% of this token's trading volume, and the observation zone has delisting risks. Also, the washout cycle of the whale is unknown.
Reason:
Small market cap + frequent movements
Small market cap:
The current market cap is only 11 million, and there have been recent fluctuations in the Binance spot market, with increased trading volume.
Frequent movements:
Animoca Brands directly announced buying more pros in the secondary market, and the pros official stated they transferred 2 million coins into Binance for market cap. I checked the address, and it belongs to Animoca Brands as well.
On October 3rd, pros entered the observation zone, had a drop, then on October 10th released good news, had a surge, and then dropped down to wash out.
From a conspiracy theory perspective: I speculate that this is a quality shell, and they are rewriting the narrative for it. Before that, they wash out the market with bad news, then rush it up, raising the bottom, and continue to wash out.
Let's take a look at their new narrative.
The Bitcoin ecosystem's "depin+rwa"
The token PROS anchors the computing power of mining rigs. Those interested should research further on their own.
DYOR
However, the risk is that it is currently in the Binance observation zone. Binance trading accounts for about 60% of this token's trading volume, and the observation zone has delisting risks. Also, the washout cycle of the whale is unknown.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PROS
0.6859
-4.84%
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