Weekly Sanbase Pro market report. On last week’s dip and beyond
As the crypto market looks to slowly recover from last week’s crash, a number of important questions continue to linger.
In this report, we perform a detailed ‘post mortem’ on the latest market correction, and analyze the behavior of whales, HODLers and speculators for clues on what may come next.
HODLers capitulate: another sell-off wave incoming?
As the market turned red last week, we’ve seen a surge in the activity of dormant ERC-20 coins, as many long-term holders opted to panic sell into the dump.
That being said, not all HODLers responded the same way to the market-wide correction. Below is the list of top 10 ERC-20 assets ranked by the amount of dormant coins moved between September 2nd-5th, adjusted for their dollar values.
Put simply, the long-term holders of these 10 assets had the most intense reaction to last
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