【OPEN Shock 72 Hours】Surge 200% → Plummeted to 1.17 U, who is panicking?
On September 3rd, Binance debut, opening up 3 times, trending first; 48 hours later, the K-line dropped straight to 1.17 U, and those who chased high prices collectively questioned life.
Don't rush to blame 'another wave of cuts', pull the camera back, and you will see three hard logics:
1️⃣ Money and people are in place
• Polychain led with 15 million dollars, Balaji (former Coinbase CTO) personally video AMA;
• Testnet with 1.1 million real addresses, 25 million Tx, data crushing numerous 'ghost chains'.
• Tokenomics is even more outrageous: 1 billion total, 61.7% directly given to the community, team + VC all locked for 1–3 years, short-term selling pressure ≈ air.
2️⃣ Correction ≠ Crash, it's short-term funds collecting bills
The circulation on the first day was only 6%, market makers pulled the price up 200% in 30 minutes, attracting algorithmic quant + retail FOMO; profit-taking cleared at 2 times, price returned to the 1.2 U area, turnover rate reached 340%, the leveraged players who should leave have left, leaving Holders and the project party.
3️⃣ The real engine has just ignited
'Proof of Attribution' breaks down each verifiable data into cash flow:
• Walmart's supply chain pilot has been running for 3 months, data contributors earn 0.8 USDC/1000 entries per week;
• Dubai government's land registration RWA on-chain, official documents specify OPEN as the settlement fuel;
• Mainnet v1 will launch 'data staking pool' in Q4, locking coins to receive orders, real buying pressure is on the way.
Technical analysis:
1.17–1.20 U is the listing opening price + 0.382 retracement overlap area, volume shrinks to peak 25%, typical washout;
If the daily close stands firm at 1.30 U, M15 level double bottom confirmation, first target 1.68 U (50% retracement from previous high), second target 2.20 U (liquidity gap).
Breaking below 1.05 U means giving up on fantasies, stop-loss set at 0.98 U, risk-reward ratio above 1:3.
In short: OPEN's first wave is emotion, the second wave will be 'data cash flow' + 'real buying demand'.
Study first, then dollar-cost average, don't do push-ups on the K-line.
Understand the project logic, save your bullets for the next 1.2 U, what you earn is 'value money', not 'anxiety tax'.
