$XPL is too concentrated
Looking around, it definitely has scarcity in crypto.
And the biggest holders are sitting together.
In one phase, $500 million was gone in 1 minute.
Last week, $200 million was gone in the first 7 minutes.
This amount of money can come in to play,
there's a bit of a conspiracy.
From the trading volume, can this pre-market volume be sold off?
It can't hold steady at all.
If the team can't run away, then there's a lot to look forward to in the future.
A drop at the opening to shake things up is fine; at least the current valuation isn't outrageous. TRX is at 33 billion, and right now $XPL is at over 7 billion FDV, which I think is worth holding onto for now. With the 25% principle, I think small funds can play around without much concern, but large funds can only choose to build and PVE. They are probably considering how many traditional Wall Street brothers will come to play with $CRCL in the future.
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