The fet price is among the leading crypto gainers today after pumping 15%, now at $ 0.70. This is the highest level of the token since February.
The famous YouTuber 'Gerhard' weighs the situation around the fet.
Strong on-chain liquidity drives the stability
Despite the market's recent pullbacks, the fet shows unusual stability due to deep on-chain liquidity. Unlike many altcoins that are primarily exchanged for centralized exchanges, the fet maintains liquidity throughout the blockchain networks.
The Ethereum version of the fet currently has $ 4.2 million in liquidity and approximately 145,000 holders. Wallet distribution analysis shows a steady growth in mid-sized investors, with holders of $ 1,000+ (about 2,000 fets) constantly rising. The $ 10,000+ holder category also grows, while the whale accounts holding more than $ 100,000 numbers around 400 wallets, representing only 0.5% of the total holder.
When comparing blockchain networks, Ethereum remains dominant chain for serious fet investors. The Binance Smart Chain produces 45,000 fet holders, but liquidity is less than $ 100,000 per pool. The presence of the whale in the BSC is minimal with 20 wallets holding large positions.
Trade patterns show dynamic market
Both Ethereum and BSC networks show more consumers than sellers, supporting a net gathering trend for the fet. However, total trading activity decreases throughout the chain, explaining the overall weakening of the price action before today's progress.
The fet has dropped from $ 2 to $ 0.60 in recent months, and despite today's recovery, long -term trends appear to be bearish. Recent volatility prices have not triggered key changes in purse handling, suggesting that most of the activity is driven by trade bots or short-term arbitration rather than retail investors.
Almost all on-chain activities come from returning users, proving theories about automatic trade dominance. Very few new holders enter the market, even in price spikes, adding to concerns about long -term enthusiasm.
Since 2019, the price of the fet had underperformed bitcoin of 94%. While tokens are experiencing short price explosions with 500-600% rallies that can temporarily miss BTC, Sol, and ETH, these movements are unpredictable and rare. These rallies are usually followed by steep drops, showing very high volatility.
Also Read: The XRP Supply Chain Breach: Private Ripple Keys to Ripple Attack
For investors considering the dollar costs in the fet, Gerhard warns this approach will only work in long-term convincing due to unpredictable movements and weak foundations.
The fet has an aggressive early vesting schedule, which contributes to early price crashing. As inflation slows down, it still continues, creating a supply pressure that remains a remembrance of appreciation.
YouTuber promotes for a technical analysis based approach, using a 120-day simple transfer of average for Bitcoin as a purchase/sell signal. Currently, the BTC is below the 120-day SMA, so he keeps a bearish view despite today's price action.
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