A major trader backed this token as his own project and immediately bought in, burning 5% of the supply. Yet somehow it's still stuck around 300k in market cap? The moves don't add up—when an insider that size gets involved and commits tokens to the burn, you'd expect different momentum. Either the tokenomics story isn't resonating, or there's something deeper going on with adoption and liquidity.
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DefiVeteran
· 16h ago
Big influencers are throwing money into burning coins, but it's still a dead coin. How embarrassing is that?
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ColdWalletGuardian
· 16h ago
This big shot's own coin burning didn't even take off, indicating that the market simply isn't buying it.
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StableNomad
· 16h ago
300k mc with a whale burn play? reminds me of UST in May honestly. statistically speaking, big insider buys used to mean *something* but... ngl the premium/discount ratio here is screaming retail cope. maybe the correlation coefficient between "famous backer" and actual adoption just isn't there anymore lol
A major trader backed this token as his own project and immediately bought in, burning 5% of the supply. Yet somehow it's still stuck around 300k in market cap? The moves don't add up—when an insider that size gets involved and commits tokens to the burn, you'd expect different momentum. Either the tokenomics story isn't resonating, or there's something deeper going on with adoption and liquidity.