USD1 Million Trading Rankings Review
Although there isn't much discussion in the Chinese-speaking community, I check the BUILDon rankings daily and analyze the situation. The allure of being the champion in this ranking is significant; data doesn't lie, and if you look closely, you can analyze a lot of clues.
New Coins Section
Today, Little Monk $Janitor finally moved, breaking through 25M.
Although in recent days, the spotlight has been overshadowed by Eagle $EGL1, the trading volume has remained good, maintaining a slight advantage to stay ahead of Eagle as the top new coin.
$EGL1 was hit hard last night with a sell-off of 60,000, but it quickly recovered, so it's not a big issue.
Currently, the new coin section is basically a showdown between these two, and since adults don't make choices, let's embrace both.
Old Coins Section
Right now, $Bulla dominates the trading volume, and its price has returned above 100M. I spent some time looking at the holding addresses, and it seems to be quite clean.
Moving forward, we need to pay attention to whether they have favorable news for listings, as the economic model clearly indicates the CEX portion, and even listing on a second-tier exchange is better than relying solely on Alpha and Binance ladder.
Following closely are $CA and $TAG, with $TAG's trading volume increasing relatively quickly. Previously, I recalled it being outside the top 10, but the price performance over the past two days seems a bit off; I'm not sure what's going on.
It’s clear from the data who wants to participate and who doesn’t. In the coming week, the players who want to join should all be present, and I estimate that the last week will be the time for intense competition.
