Once, I woke up early and was following the market... I found a coin dropping significantly, and without any news!
There was no negative announcement, no breach, not even a rumor... but the price was sinking.
I kept searching left and right, joining groups, checking Twitter... everything was quiet. Until I discovered that a whale sold a huge amount of tokens, and the market was affected.
At that moment, I understood: not every movement has news behind it... a single wallet can flip the market!
🔹So why?
If the token is concentrated in a few wallets, any sale from them can shake the market.
🔹How to avoid this?
Look at:
• Wallet distribution
• Is there Locking?
• Whale activity
• Liquidity ratio
Inside Binance, there's a tool called Concentration Indicator
It shows you whether the token is distributed or concentrated.
If you're going to enter a project, don't just look at the price... also look at who holds the token!