Recently, I’ve been looking at the holding data of a certain coin, and the scale is really quite shocking. It’s hard to fully understand the underlying logic for a while.

After some thought, there are only a few possibilities—

First, if the project team is holding a large amount, it usually means they are very confident in the subsequent product development or ecosystem growth. In this case, good news may follow one after another. Whether you are bullish or bearish, it really depends on which way the market sentiment blows.

Second, if institutional players like trading platforms are accumulating, the logic behind it is even more complex. Their holdings often reflect their mid-term valuation of an asset, and naturally, they will also introduce some favorable policies or liquidity support accordingly.

The third scenario is the most interesting—it’s neither the project team nor the platform, but possibly some large funds or investment institutions quietly positioning themselves. Such holdings are most likely to trigger chain reactions in the market.

What do you all think? What does this holding really mean?