$AGT Why did this wave surge? My answer is only two words: chips

Many people think that AGT's sharp rise today is due to some major positive news, but after reviewing on-chain data, I found that the real drivers of the increase are actually funds and chips.​

Looking at the holding structure, the top 100 addresses hold up to 97.62%, with an average cost of 0.0069U, while the current price has already surpassed 0.02. This means that the main players' chips are extremely concentrated and they already have over 200% profit potential.

Also, looking at the capital heat map, funds over 1 hour, 4 hours, 6 hours, and 24 hours all show continuous net inflows, especially the 4-hour net inflow exceeding 1 million, indicating that off-market funds are continuously chasing the rally and entering the market.

Main players controlling the market + capital inflow + breaking previous high resistance—these are the real reasons behind AGT's surge.​
But I want to remind everyone, now is not the best time to chase the rally, because the main players' cost basis is at 0.0069, while retail investors' costs are already near 0.02, and the risk-reward ratio is completely different.

Ayu's next strategy is to wait for a pullback to go long, wait for the price to retrace, set proper take-profit and stop-loss levels. If you want to follow the trades, come to my homepage profile to find me!
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