DATA: x4.5 in 33 hours - is it enough?

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Garry Kabankin
Mar 20, 2020

Some saying "DATA is the king".

Today, right now, at the moment of writing this, DATA token is #1.

#1 in a list of Emerging Trends.

It means DATA mentions are emerging faster then any other in cryptoverse.

Why? Because it pumps as insane, 450% in 33 hours.

Haven't seen that kind of pumps for a long.

Who had positioned best before the pump and who's jumping in on the go?
Who's leaving the train?

Let's see.

  1. 1. A wide range overview. A percent of DATA total supply in top 50 wallets:

It haven't changed much in total last 90 days. Except since the first day of pump, when it started to decline. Selling? Quite possible. Bearish here.

2. The chart above contains exchange wallets balances. What if we filter them out, leaving non-exchange owners only?

A percent of DATA total supply in top, say 20, non-exchange wallets:

Doesn't look like any pre-positioning happened. Whales started to increase positions on the day pump began. And not before. Like pump is surprising and unexpected.

Another noticeable thing is this:

Whales managed to exit 10M of DATA positions just one day before the market crash. Coincidence? Luck?

3. Now how many tokens own the ones chasing the pump?

Number of holders by number of owned coins chart:

The answer is: from 1,000 to 1,000,000 DATA (25-25K USD). Smaller fishes selling, larger whales almost don't move. Again, no moves in all cohorts before the pump starts.

4. What were the biggest transactions of DATA last weeks?

Top DATA transfers table:

The first line here is Binance moving funds from one hot wallet to another, skipping it.

Next ones are interesting.

0x37... is a wallet that took part in DATA ICO and hodled strong 49M tokens until yesterday.

Yesterday it's owner started to distribute DATA to different wallets in smaller chunks.

And the first chunk hit Binance a few hours ago.

Is it enough bearish signal?

When #6 top DATA holder is positioned to sell.

And just to confirm, DATA MVRV:

It shows the highest risk level for token since last summer top.

Take care and thanks for reading.

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Garry Kabankin
Mar 20, 2020

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!


Conversations (1)

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7 months ago

Very nice insight, this is very good info and when coupled with how order book flows, and if you're and institutional trader, that's good enough to know how the longs liquidity are and what could happen next. Good one Garry!