The coins that have risen recently can be roughly divided into two categories:

The first category: coins that are about to be unlocked in large amounts

For example, SUI, APT, and ARB. The reason for the rise of these coins is that the market expects that there will be further opportunities for rise after the large amount of unlocking, so investors buy in advance to make profits after unlocking. The rise after unlocking is often accompanied by more speculative activities, which brings short-term price fluctuations.

The second category: coins that rebound from oversold

For example, SAGA and PIXEL. These coins have fallen by 90% or more from their highs, and the current rise is mainly due to oversold rebounds, rather than the arrival of the altcoin season. Their gains are more due to rebounds from extremely low points, and investors should be cautious and not easily buy the bottom of coins they don’t understand.

In short, it is important to understand the reasons for the rise of each coin to avoid blind investment.