🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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👋Currently, the number of holding addresses for $RWLD is 438. I used AI to analyze the chip distribution of the top 100 holding addresses and the changes in positions.
✅ Conclusion: There is significant potential for the future, but there will be some selling pressure in the short term, depending on the market's ability to absorb it.
1⃣ The top 100 addresses have an overall net increase in position (as the amount and intensity of small and medium holders increasing their positions exceed that of large holders reducing their positions).
However, the focus of the chips is shifting downwards, with large holders decreasing and small holders increasing, indicating that the market is entering a stage of divergence and competition.
2⃣ Short-term risk: Large holders continuing to sell will create selling pressure;
Mid-term opportunity: Small and medium-sized investors are actively increasing their positions, indicating that there is still capital in the market optimistic about future potential.
Chip distribution query website:
#RWLD # Bitcoin #radFi