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This coin, NOM, is up 50% today, taking the top spot on the gainers leaderboard.
At the beginning of the month, someone transferred 1.4 billion NOM to the exchange; after the transfer, the price immediately plunged by 39%. This suggests someone got in early, then exited—once they exited, the price was dumped.
Coinbase is about to list perpetual contracts. On paper, that’s a positive catalyst, but after the rally today, someone is transferring again. History won’t simply repeat itself, but every time it’s the same routine: pump it up, then look for an opportunity to get out.
At this level, the cost-effectiveness isn’t great. Wait for the next rebound—if it pushes into the higher range, you can consider shorting. The community will remind you then. #NOM $NOM