Just now, during the sharp drop of $DONKEY , I checked the holder addresses, and among the top sixty, there are more than twenty zombie addresses, accounting for a total of over 15% of the holdings, which have never traded. Considering the possible existence of other zombie addresses, the actual circulating supply of donkey is less than eighty percent. Currently, Binance has 18.6% of the holdings, Pancake has 5%, MXC has 2.26%, and HTX has 1.2%. If a big player comes in, it is estimated that 200,000 USDT could push the price up by 40 to 50%! Similarly, if a large holder with 1% of the holdings decides to sell, they could drop the price by 20%. There is insufficient liquidity, no large players entering, and no market makers, so donkey can only rely on bottoming out to rebound. I wonder if there are any large holders lurking in the alpha holdings.
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