From the perspective of changes in the number of holders, this project has indeed experienced quite a few setbacks — shrinking from an early 400,000 holders to now over 80,000. This significant decline itself reflects the ruthlessness of the market, but it also warrants a re-evaluation.
The decline has already reached a depth of 5 times, indicating that most of the negative news may have been digested. Looking at the market cap perspective, a scale of 5 billion USD ranks 22nd in the entire ecosystem, which is not to be underestimated. Compared to DOGE's performance, it has already yielded several times the gains, while this similar coin is still in a relatively subdued period.
The key question is: the growth story is not finished yet. If you have confidence in this track, the current price and popularity combined might actually present an interesting opportunity. Of course, investing always involves risks, but from a fundamental standpoint, continuing to lie low is only a matter of time.
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GateUser-c799715c
· 8h ago
From 400,000 down to 80,000, the feeling of cutting losses... But on the other hand, a 5x decline is indeed heartbreaking.
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IronHeadMiner
· 8h ago
Cut from 400,000 to 80,000, the decline is indeed remarkable, but it makes me feel that the opportunity has arrived.
With a total ecosystem size ranking 22nd, it shows that it hasn't been completely forgotten. When the opportunity comes, it will take off.
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0xSleepDeprived
· 8h ago
400,000 down to 80,000, wow, how strong must that mentality be?
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ZkProofPudding
· 8h ago
400,000 down to 80,000, how loud must the cutting sound be...
A fivefold decline seems more like a bottom? I don't have the guts to bet on that.
A market cap of 5 billion yuan ranking 22nd still has room, but I've heard the "story isn't over yet" explanation too many times.
A downturn is an opportunity, I believe that, but the premise is that you can withstand the psychological pressure of continued decline.
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BoredApeResistance
· 8h ago
400,000 drops to 80,000, how loud must the cutting of meat be...
Five times deeper and still dare to say the story isn't over, the mentality is really strong.
Wait, a market cap of 5 billion ranks 22nd? Thinking about it, maybe it's not that hopeless.
Are other similar coins also so sluggish now, or is it just this one dragging behind?
Hibernating? I feel like it's more like lying in a coma haha
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CoffeeNFTs
· 8h ago
From 400,000 to 80,000, this shrinkage is really harsh.
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GasOptimizer
· 9h ago
The drop from 400,000 to 80,000, this loss rate really doesn't look good for calculating capital efficiency. However, the logic of digesting negative news with 5x depth... hmm, it depends on what on-chain data says.
From the perspective of changes in the number of holders, this project has indeed experienced quite a few setbacks — shrinking from an early 400,000 holders to now over 80,000. This significant decline itself reflects the ruthlessness of the market, but it also warrants a re-evaluation.
The decline has already reached a depth of 5 times, indicating that most of the negative news may have been digested. Looking at the market cap perspective, a scale of 5 billion USD ranks 22nd in the entire ecosystem, which is not to be underestimated. Compared to DOGE's performance, it has already yielded several times the gains, while this similar coin is still in a relatively subdued period.
The key question is: the growth story is not finished yet. If you have confidence in this track, the current price and popularity combined might actually present an interesting opportunity. Of course, investing always involves risks, but from a fundamental standpoint, continuing to lie low is only a matter of time.