STPT Provides a Great Lesson in the Power and Timing of On-Chain Spikes!

📊 #349 market cap STPT saw a massive +47% pump Sunday, and on-chain behavior went bananas shortly after.

Typically, these spikes in address activity and whale transactions suggest profit taking from key stakeholders, considering their timing in the first hours after the price surge. We see extremes like this often with altcoins outside the top 100 ranked market caps in crypto.

Watch for another spike in STPT on-chain activity as a clear signal that a bottom has arrived, and a second bounce will be likely. 👀