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NOM on this coin is up 50% today, ranking first on the gainers list.
At the beginning of the month, someone transferred 1.4 billion NOM to the exchange, and right after the transfer, the price collapsed by 39%. This suggests someone got in early, then cashed out—after they ran, they smashed the price.
Coinbase is about to list perpetual contracts; by usual logic, that should be bullish. But after today’s pump, someone is transferring again. History won’t simply repeat, but every time it’s the same playbook: lift it up, then find a chance to get out.
At this position, the cost-effectiveness isn’t good. Wait for the next rebound—if it reaches a higher level, consider shorting. The community will give a heads-up then. #NOM $NOM