Looking into REEF's pre pump activity

Assets covered: Reef Finance (REEF)

Metrics used: Social volume, exchange flow balance, whale transactions count, supply on exchanges, supply held by top non-exchange addresses, network realized profit/loss.

Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading.

It has already appeared in Santiment insights with a sort of an Alameda drama.

One day ago REEF appeared on Santrends thanks to an unusual amount of mentions in crypto social media:

Telegram and Twitter were full of excitement with super bullish calls. And that super excitement been looking quite unnatural, especially taking into account an outstanding amount of these messages. This is how Reef mentions spike looking on chart:

No wonder REEF dumped after that.

The most interesting thing is what preceded Reef's pump. Could it be an orchestrated activity with some kind of preparations before?

1. Spikes in exchange inflow

There is a probability that someone starting positioning solid amounts of REEF to exchanges a couple of weeks prior to pump.

2. Enhanced millionaire whale transaction activity

Same area, whales moving funds day by day. To exchanges?

3. Increasing REEF supply on exchanges

Same couple of weeks, REEF supply on exchanges growing day by day. Who could have been doing that?

4. Opposite: decreasing whale holdings

An opposite trend can be noticed here. Perhaps like whales moving funds to exchanges.

5. Extremely high network profit and loss

On a full REEF lifespan, the latest pump has born biggest spikes in network profit for those who has been well prepared. And the biggest possible loss for others.

Well played!

Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.