A certain Meme coin has recently performed quite aggressively, quickly surging to the 20M mark. The continuous upward momentum has caught many traders off guard. What is the driving force behind this trend? Could this be the true strength demonstrated by the first hot Meme coin of the Year of the Horse? From the price movement, persistent selling pressure has not hindered its upward pace. This resilient rally is indeed worth the attention of market participants. Meme coins are essentially a direct reflection of market sentiment. When such assets can break through multiple key price levels, it often indicates genuine market consensus and capital support behind the move.

MEME6,87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
PretendingToReadDocsvip
· 01-13 01:10
Damn, this wave is really fierce. It broke through 20M. I didn't expect that. Really, with such heavy selling pressure, it can still push through, which shows that the underlying consensus is really there. Is this the first big hit of the Year of the Horse? Feels like it's just getting started. Wait, who's pushing behind the scenes? How much capital is involved? With this kind of trend, not following would be stupid, haha. The question is whether it can hold. I'm worried about catching the top. Honestly, Meme coins are all about sentiment. With the current high enthusiasm, there's still a chance. How's the contract side doing? Is the leverage building up? I didn't quite understand why this wave is so strong, but the trend is the trend. Just get in first, anyway we're all playing. Missing out would be even more painful.
View OriginalReply0
OnChainDetectivevip
· 01-12 15:58
nah wait... 20M breakout but where's the actual volume data? transaction pattern suggests mostly wash trading tbh. seen this movie before. wallet clustering indicates like 3-4 addresses doing heavy lifting here, classic pump signature. statistical anomaly or organic movement? blockchain evidence shows pretty sus concentration. idk feels like manufactured hype to me, not real consensus lol
Reply0
SelfSovereignStevevip
· 01-12 12:38
20M can't stop it, this time someone is really throwing money in. --- The Year of the Horse meme coin is indeed fierce, but on the other hand... who can predict what the next one will be? --- The selling pressure can't be suppressed, which shows that the consensus is real. --- Every time the market consensus is mentioned, I just want to ask how long this consensus can hold. --- This wave of growth really wasn't in vain; why worry so much? --- 20M is just the beginning, we're watching it. --- Meme coins are just about stirring up the atmosphere; as long as the atmosphere is there, it will rise.
View OriginalReply0
FloorSweepervip
· 01-10 03:33
paper hands got shaken out early... classic accumulation phase nobody sees coming lol
Reply0
CoffeeNFTradervip
· 01-10 02:58
Starting to talk about blockbuster at 20M, I think it needs to rise another ten times to be considered valid. Has the selling pressure been resisted? That means someone is holding onto their chips tightly. When meme coins go up, everyone is a master; only when they fall do the true skills show. Is this wave genuine consensus or just a few whales playing around? It's hard to tell. The first explosion of the Year of the Horse? Let's wait and see, don't want it to be another fleeting moment. It feels like emotional hype, waiting for the bagholders to come in.
View OriginalReply0
rekt_but_resilientvip
· 01-10 02:56
The 20M threshold has been held, this wave really has something Just realized this might really be the one this year The selling pressure can't stop it, which means someone is picking up the bags, pretty interesting Meme coins are just betting on market psychology, and it seems like we bet correctly this time Breaking through the key level indicates it's no longer retail investors playing It feels like it's about to take off... but still need to be cautious about chasing highs
View OriginalReply0
GhostAddressMinervip
· 01-10 02:54
20M this threshold? I have already identified three original addresses starting with 0x that moved large amounts around 2 a.m. yesterday. On-chain footprints don't lie...
View OriginalReply0
WhaleMistakervip
· 01-10 02:44
Wait, this 20M momentum... Is it real or just another round of cutting the leeks?
View OriginalReply0
BlockchainRetirementHomevip
· 01-10 02:42
Who's holding the line at the 20M level? Feels like it's about to break at any moment --- If it breaks down, just get on board directly, forget about any consensus --- Is the Year of the Horse meme coin really top? I think it's just so-so --- Can't stop the selling pressure? I don't believe it, a correction is coming sooner or later --- This wave is really strong, a bit worried that no one on the top is willing to buy the dip --- Market sentiment? Isn't it just FOMO piled up --- The 20M level isn't really a significant barrier, let's wait and see --- Fundamentally driven +1, retail investors are about to get cut --- Stubborn rally? Let's wait and see when it crashes
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)