20250710 ARKM is up 10% as BTC reached a new ATH and ETH hit 3000.
The gain is due to systemic factors.
MAAM_A1
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Enthusiasm on $ARKM seems to be triggered by the market waves in a perculiar way. Instead of being a subject of purely speculative investments, some people actually buy to use Akrham Intelligence Data for tracking transactions during booming markets. If you look at the price action through September and December 2024 it followed the hype of the US Elections closely.
The reason is simple. Some people wanted to see who was betting on crypto and copy trades of major players, since the Elections were like a coin flip (doom or boom). Now that there is a common notion of all crypto being dominated by a $BTC only mode, where Institutions have been vociferous of their crypto vesting, insights (specialized monitoring) are unnecessary. Transparency and strong market biases seem to deppress Analytics, Monitoring and Data aggregators very strongly.
It is possible that ARKM will stay near its lows until a new catalyst (development with great uncertainty) revives interest in "espionage".
P.S For funny uses, you have people with morbid intentions, who might be delighted to track wallets of "famous" people and enjoy to see them liquidated.
If you could track a wallet who would you monitor?
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