#SQD Those with SQD spot holdings should sell quickly. Liquidity is insufficient, depth is lacking, there are few holding addresses, daily unlocks, unlimited issuance. When prices rise, learn to sell; if you don't sell, you'll also become a leek (retail investor). Use data to analyze.

First: Let's talk about liquidity. Liquidity is only $690,000, while the circulating market cap has reached $91.88 million. Converted to RMB, that's about 4.72 million, with a market cap of 629 million. This tiny amount of liquidity supports a market cap like a skyscraper built on sand—unstable foundation, ready to collapse at any time.
Second: Depth is simply not enough. Currently, funds are just pulling a little volume to attract people to enter. When many people enter, the whales immediately sell their holdings to these newcomers, turning retail investors into bagholders. With insufficient depth, subsequent prices will keep falling. So, if it rises now, sell when you can; learn to sell when it goes up. If you can't, you'll also become a leek.
Third: Unlocking sell pressure. This is also very critical. Unlocking 1.08 million coins daily is a daily occurrence. Who will take over in this market? The whales need to push the price up a bit to attract leek investors to sell. Retail investors buy with the hope of price increases, but the more they wait, the lower the price will go. Daily unlocking sell pressure makes it very difficult for the price to rise.
Fourth: Unlimited issuance. This is the most deadly. Once all tokens are in circulation, the whales still have the authority to issue more tokens, which can be endlessly dumped into the market. There are many cases where hackers attack and cause the token to go to zero. This is the most destructive—if hacked, it would be devastating. Of course, some claim it’s a staged event, saying it was hacked, but in reality, unlimited issuance floods the market, and retail investors end up buying the bag, while the whales abandon the project, and exchanges delist it.