2026-01-23 05:00:32

The past frenzy has faded. Looking back at previous performance—233% increase in a week, 583% in a month—the market enthusiasm at that time was truly captivating. But now the tide has turned, and the focus of discussion has shifted accordingly.

More and more people are beginning to scrutinize the risks behind this wave of market activity. The most concerning issue is the distribution of tokens: the top five addresses control nearly 68% of the tokens, a highly concentrated situation that indeed warrants caution. Additionally, some are asking whether the sharp short-term gains have already overextended the potential for further growth.

The most interesting aspect is the change in market sentiment. From the previous "can still keep rising" to now "will it pull back," this psychological shift is often an important technical signal—usually indicating that the market will enter a phase of volatility and consolidation.

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LuckyHashValue

· 11h ago

68% is controlled by the five major addresses. Isn't this just a classic whale accumulation? No wonder no one dares to chase now. --- The more it surges wildly, the more I get scared. Feels like it should drop after this overextension. --- The psychological turning point is well explained. Going from greed to fear is usually the key turning point. --- They were hyping it when it rose 233% in a week, now they talk about risks and pretend to be rational. Human nature is really interesting. --- With such a high concentration of holdings, you still dare to buy the dip? I wouldn't dare to gamble. --- From a 233% increase to now, those who should have cut losses already did. Those left are probably bagholders. --- The shift from "it can still go up" to "it will pull back" is faster than the price drop itself, haha. --- I've heard the phrase "overextending growth potential" too many times. In the end, it just keeps pulling back repeatedly.

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ChainDetective

· 11h ago

68% controlled by the five major addresses. Isn't this a clear manipulation? I should have seen through it long ago.

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AirdropHunterWang

· 11h ago

68% locked by the top five addresses, now we really need to be cautious --- A 233% increase and still can't catch it, so what are we afraid of now... --- Emotional reversal is a signal, let's just wait for the dump, haha --- Here we go again, every time they say they'll organize, but what’s the result? --- With such a high concentration of chips, we should have been alert earlier, now it's too late to realize --- Short-term overdraws long-term growth, this logic is spoken every day, but the question is who can buy the dip

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