Order book data shows declining sell-side pressure across all four assets during the recent consolidation
Network metrics indicate growing adoption independent of price action
Volume analysis reveals consistent institutional-scale transactions during off-peak trading hours
Data from the recent trading activities also show some changes in the trading flows associated with the memecoin market. The same can be observed for volumes for BTFD, Baby Doge, Snek, and ANDY all of which indicate more retail trading during the most active market time. The obtained results show that the differences in holder behavior concerning these assets can be observed when compared to more conventional crypto markets.
BTFD Coin Market Metrics
From the trading data analysis of BTFD Coin, there has been a regular accumulation process which is in harmony with the market fluctuations. Examining the Santiment signal we can observe an increase in the way that wallets are distributed among holders of different categories. Liquidity conditions were found to be reflecting an enhancing trend in the key price range evidencing a trend of market maturity.
Source:Santiment
Baby DogeCoin(Baby Doge) Trading Analysis
There are evident trends in trading volumes of Baby Doge Coin which shows a rise in volumes from retail traders during the Asian trading market. According to the order book data, mid-sized wallet addresses continue to amass the tokens. In terms of the Technicals, indicators reveal the rate of selling pressure down while prices continue to hold at support levels.
Snek(SNEK):Snek Token Market Structure
A look at Snek’s market data shows that there has been a steady increase in the number of DAAs. It also evidences that trading volumes exhibit a continuous upward trajectory in the European markets session. From the technical perspective, there is evidence of enhancing the depth of the markets and less fluctuation compared with launch masculinity.
ANDY(ETH) :Token Development
In our cases, ANDY’s holder addresses are continually rising despite the volatile market trends depicted on the graph. It is evident from the trading data of the different stocks that the market pressure for buying and selling is equal at all the different price levels. Evidence from volume shows increasing institutional participation during the less active trading sessions.
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