Perlin: pre-pump positioning or token release?

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Garry Kabankin
Feb 28, 2020

Perlin is on radar today.

The project is about trustless market around an untapped computing power supply.

It has made it's first pump a month ago and corrected to almost initial levels.


Very noticeable DAA spike caught my attention.


  1. 1. Daily Active Addresses:

A first all time high DAA level after listing.

Can it be a pre pump positioning?

Considering PERL is known to be a 'sleeping' project with strong marketmakers.


2. Percent of PERL supply in top holders wallets:

This is the most significant drop ever, from 97 to 91%.

Speaking of many other assets I'd call this bearish.

Not this time.

PERL feels in some case similar to MATIC, remember it's insane pumps?

And here's the pattern preceded each MATIC's pump:

Credit: "Is MATIC the new PnD king?" by Dino

Can it really be a pre-pump positioning?


3. Exchange flow balance:

7.4M PERL deposited to exchanges a couple of days ago. No significant price action yet.


4. Exchanges holdings increased indeed:

5. From non-exchange holders balance which decreased the same time:

6. If it's market making activity happening, then no wonder Perlin is onboarding a solid inflow of twitter followers:

7. And development activity stalling:

There may be another explanation of what's happening.

Can be read from:


8. Top token transactions:

All coming from a single address which in fact is a Perlin Team Multisig.

In addition to PERL token release schedule...


9. Perlin token release schedule:

... a significant amount of tokens is being released in February.

And all metrics above just reflecting these movements.


Anyway it might be interesting to watch how this picture evolves in Perlin next few days.

PERL
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Garry Kabankin
Feb 28, 2020

Thanks for reading!

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

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Assets from this insight

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PerlinPERL

$ 0.018526

13.73%in last 7d

Conversations (4)

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mdmrdm

7 months ago

appeared to be a great call, Garry. ;) Can I ask, how did this one initially turned up on your radar?

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Garry Kabankin

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Edited 7 months ago

Thanks, mdmrdm First I noticed Perlin late January when top holders increased their positions prior to pump. Missed that entry.

Asked Perlin community about what happened lately. Token release, they said.

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<email hidden>

7 months ago

Great insights Garry.. I love it.. well presented and easy to follow.