Recently, I noticed that a Chinese MEME coin has indeed performed remarkably well in trading data. From on-chain data, its number of trading wallet addresses is currently leading in the Chinese MEME sector, and both the number of transactions and trading volume are also among the top. What does this reflect? It indicates that market participation and activity are indeed quite high. At least from the perspective of trading enthusiasm, this coin has attracted a lot of attention.
Of course, eye-catching trading data does not necessarily mean the price will skyrocket, but this kind of on-chain activity is definitely a signal worth paying attention to. For those interested in the MEME sector, it’s a good idea to compare the data performance of similar projects and conduct multi-dimensional research. The market is always full of uncertainties, but focusing on projects with high activity is at least a good approach.
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DeadTrades_Walking
· 6h ago
Data looks good, but I'm afraid it's just the tricks of the whales
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High on-chain activity doesn't necessarily mean you can make money; it still depends on what the main players are doing
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Huh? Chinese MEME coin? I think this wave is going to get cut again
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Large trading volume just means someone wants to dump, old trick, my friend
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What does it mean to have many wallet addresses? It just means there are many retail investors
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Let's wait and see who ends up taking the last buy-in, anyway it's not me
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Once such articles come out, a decline isn't far behind
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I'm curious to see how the trading volume is generated despite high activity
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Here comes more data tempting us, I don't believe you,
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HashBrownies
· 6h ago
On-chain data being hot doesn't necessarily mean making money. I've seen too many highly active coins that eventually go to zero.
Good-looking data is just that—good-looking. But you need to see if real money is flowing behind it. Don't be fooled by wallet counts.
High activity? Retail investors are just cutting each other's throats—nothing new.
These kinds of articles appear every week, and then? They still end up crashing.
Compared to data, I'm more concerned about whether big players are accumulating—that's the real signal.
View OriginalReply0
MaticHoleFiller
· 6h ago
Uh... just because on-chain activity is high, does that mean you can jump in? I feel like this logic is being used for every coin.
The data looks good, but in the end, it's still about who can outsmart whom. It's really hard to say.
But this approach isn't wrong; just be careful not to get caught in a trap.
View OriginalReply0
LadderToolGuy
· 6h ago
On-chain data is lively, but when it comes to dumping, no one can escape
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The data looks good, but why not see who ultimately takes the bait?
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High activity? It depends whether retail investors are just cutting each other or if genuine institutions are involved
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It's the same old story, let's wait and see. Anyway, MEME coins won't run away
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What does having many wallet addresses mean? I just want to know if this money is genuinely coming in or just wash trading
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Should I look at trading volume or holdings distribution? Feels like any data can be spun into a story
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How many projects have died in the Chinese MEME sector this year? No matter how bright the data looks, I wouldn't chase after it
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It makes sense, but I'm just afraid that once I get in, I'll become the bagholder
Recently, I noticed that a Chinese MEME coin has indeed performed remarkably well in trading data. From on-chain data, its number of trading wallet addresses is currently leading in the Chinese MEME sector, and both the number of transactions and trading volume are also among the top. What does this reflect? It indicates that market participation and activity are indeed quite high. At least from the perspective of trading enthusiasm, this coin has attracted a lot of attention.
Of course, eye-catching trading data does not necessarily mean the price will skyrocket, but this kind of on-chain activity is definitely a signal worth paying attention to. For those interested in the MEME sector, it’s a good idea to compare the data performance of similar projects and conduct multi-dimensional research. The market is always full of uncertainties, but focusing on projects with high activity is at least a good approach.