Whales are hoarding crazily! Behind the short-term surge of $SPK , is it an opportunity or a trap?
The SPK token has been quite popular recently, mainly driven by airdrop activities and listings on major exchanges like Binance and Coinbase, along with distributing tokens to early users, attracting a lot of funds and attention. Even large whale wallets are hoarding it frantically, and market sentiment is very high.
Technically, there are advantages too; a multi-chain architecture allows for more flexible liquidity, and there are deep collaborations with MakerDAO and the Sky ecosystem, backed by tens of billions of dollars in stablecoins. Additionally, new plays like AI risk control and RWA provide decent long-term potential.
However, we need to stay calm. The price is rising too fast, with fluctuations exceeding 13% in 24 hours and a high turnover rate, clearly indicating short-term speculative trading. We should be cautious about the risks posed by airdrop participants selling tokens and the unlocking of tokens that could lead to price drops.
In terms of strategy, for those looking to trade short-term, keep an eye on the range of $0.09 to $0.10; if it breaks through, there might be another wave. But it’s essential to set stop-loss orders. For long-term investors, it’s advisable to buy in batches and stake the tokens for governance rights and rewards, allowing participation in ecosystem development while hedging some risks.
Some are getting liquidated, while others are trembling. If you’re always uncertain, you can follow the steps of Aunt Thirteen; the winning streak continues. Brothers who want to follow the divine strategy and learn the methods, Aunt Thirteen is here waiting for you.
