$OM
In one year, it has multiplied by 500 times. The dog fund has already made too much profit and may sell off. Please be aware of the risks. From the review of OM's operations, we can see the dog fund's mindset (Part 1):
Fundamentals:
The project behind OM is MANTRA, which was previously a DeFi project and later transformed into a Layer-1 blockchain related to RWA (Real World Assets). This indicates that the project has strong adaptability and transformation capabilities. As an RWA-related project, the tokens of OM may be used for the anchoring and trading of physical assets, all of which are popular tracks for 2023-2024, showing that they are very good at speculation.
Chip Distribution:
The tokens of OM are relatively concentrated, with a market capitalization of 5 billion, and holdings of only a few hundred million, all under the team's high control.
Technical Analysis:
We can see that in the recent surge, the dog fund has repeatedly broken through key positions to wash out the market. After breaking through the platform, it stabilized with a slight new high, and after 4 days, it pulled up from the bottom to continue reaching new highs. Then, it directly surged without going back to the previous position, starting a 30% rally and preparing to sell off.
So, if we were to operate at that time, we could act based on the key points of the turning point, such as low absorption at the key position on the fourth day.