1. The Immediate Cause: "Hemi's Lunch on the Binance Spot Trading Area"
In the crypto world, especially with memecoins or low-cap projects, a "lunch" typically refers to an Ask Me Anything (AMA) session or a live interview hosted in a project's Telegram or Discord channel, which is then announced or cross-promoted on Binance's social features or spot trading chat.
The key effect of this event is ATTENTION and INFORMATION.
· Positive Perception: If Hemi (likely a founder or influencer) delivers a compelling presentation, announces a major partnership, reveals a new product roadmap, or simply inspires confidence, it creates positive sentiment.
· Increased Visibility: Simply being featured in a prominent place like Binance's ecosystem exposes the Humi token to millions of potential new investors who may not have known about it before.
2. The Resulting Actions and Their Effects on Price
The attention from the lunch directly leads to the two actions you mentioned.
Action 1: "People have many Humi tokens" (Increased Holding)
This is often called "HODLing" (a misspelling of "hold"). If, after the lunch, a large number of people decide to hold onto their tokens rather than sell them, the effect is:
· Reduced Selling Pressure: The immediate available supply of Humi tokens on the market (on exchange order books) decreases.
· Effect on Price: This is BULLISH (positive for the price). When selling pressure decreases, even a small amount of new buying demand can push the price up more easily. It creates a stable foundation for price appreciation because there are fewer sellers to absorb buy orders.
Action 2: "People buy it" (Increased Buying)
This is the most direct force affecting price. If the lunch successfully convinces people to invest, the effect is:
· Increased Buying Pressure: New buy orders are placed on the exchange.
· Effect on Price: This is STRONGLY BULLISH. According to the basic laws of supply and demand:
· If demand (buyers) increases while supply (sellers) stays the same, the price goes up.