Garbage garbage
With only 100 million market value, it can't go up
F**k your mom
meme无冕之王
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In-depth Analysis of the Reasons for SHELL's Plummet After Listing on Binance: A Rational Return After the Carnival
Recently, the star project MyShell's token SHELL experienced a rollercoaster market after being listed on Binance: on the first day of listing on February 27, it surged over 40%, with a cumulative increase of 218% over two weeks, but then the price quickly fell back, dropping more than 30% (as of March 1 data). The logic behind this phenomenon is worth exploring, and this article will analyze it from three dimensions: market behavior, project fundamentals, and ecological games.
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1. Market Behavior: Realization of Benefits and Overdraft of Expectations
1. A Classic Interpretation of 'Buy Expectations, Sell Facts'
The listing on Binance itself is a significant positive factor, but the market often reacts to expectations in advance. SHELL had already risen by 218% due to 'airdrop expectations' before the listing announcement, resulting in the benefits being fully priced in at the time of listing. Data shows that the average holding cost of IDO participants, who raised over 51 times, is only $0.003, and some early profit-takers chose to cash out during the peak liquidity on Binance, creating short-term selling pressure.
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1. Market Behavior: Realization of Benefits and Overdraft of Expectations
1. A Classic Interpretation of 'Buy Expectations, Sell Facts'
The listing on Binance itself is a significant positive factor, but the market often reacts to expectations in advance. SHELL had already risen by 218% due to 'airdrop expectations' before the listing announcement, resulting in the benefits being fully priced in at the time of listing. Data shows that the average holding cost of IDO participants, who raised over 51 times, is only $0.003, and some early profit-takers chose to cash out during the peak liquidity on Binance, creating short-term selling pressure.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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