The day before yesterday, I noticed unusual activity with $SKYAI on the K-line, with similar patterns of upward movements at different times, such as at 17:45 and 22:30 on June 15, and at 9:45 on June 16.
I wonder if there are large investors entering the market and secretly building their positions?
Looking closely at the K-line, $SKYAI has been in a continuous pullback since peaking at a market cap of 100 million on May 14, and has been trading sideways near 30 million for about half a month. Last Friday, during the conflict, it even reached a low of 29 million. This market cap is already far below the initial market cap when it opened, so perhaps this large investor has been lurking and waiting, and now is the time.
If my analysis above is correct, then $SKYAI has a bottom price of 200 million. Let's not forget how high the presale enthusiasm was in April; CZ and BNB Chain's official channels have also supported it and launched their own products.
Despite the pullback for a month, there are still over fifty thousand holding addresses, indicating that many people, like me, are holding their coins and waiting for a rebound.