$0.05
24h
-8.94%
27 Oct, 11:18
Wait for sniper selling pressure to subside
Bearish-12.66%
AI Summary
The author warns about selling pressure from early sniper wallets offloading $SKY tokens and advises waiting for them to stop selling before entering.
$260k extracted from $SKY so far from three of top 10 holder wallets that sniped launch, waited until now and now offloading.
All three show similar behavior:
- Funded from Coinbase
- Sniped launch
- Waited until now
- Deposited to @DefinitiveFi
- Now offloading a lot with pumps
Wallets and details:
https://debank.com/profile/0x61fF3FE2E445D50Aa60f61e4eFD853f5aa571Ddb/history?chain=base&token=0x9b5037b68c6ed686a1f433e5eef9513bb1801b07_SKY https://debank.com/profile/0x2646aa90e53a65babc2cd1cfc69d92cda2710693/history?chain=base&token=0x9b5037b68c6ed686a1f433e5eef9513bb1801b07_SKY https://debank.com/profile/0x54ed832c66313aaaeaf835e4aedd77707ba04ef0/history?chain=base&token=0x9b5037b68c6ed686a1f433e5eef9513bb1801b07_SKY
Chart:
https://dexscreener.com/base/0x7c0c3992bfc5897e9c60e1d140a18aee402c077fec9d82e00fabfe98b9b4dabd
The first two might be different entities than the third, but the pattern is identical — and they still hold around $280k in $SKY yet to sell. Stay sharp and watch those wallets 🫡
P.S.: I'm not saying this as a fud as I don't think this project is thrash and team has probably nothing to do with that but because it's wise to wait until snipers give you a good entry (or at least stop selling) and a lot of people around me is in 🤝