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BICO just experienced a sharp pump and then a dump. Is this an opportunity now?
On June 20, BICO doubled in a single day to 0.12u, because they launched a new technology that allows AI agents to complete multi-step operations on-chain in one go, and market sentiment exploded. But after the hype faded, the price also dropped, and now it has fallen back to around 0.02u.
The logic of the pump is real; this technological direction is correct. The combination of AI and on-chain interaction is one of the hottest narratives right now.
But there is an issue that cannot be ignored. In May, the project team quietly unlocked 90 million BICO and transferred them to exchanges. Historically, such operations have always been signals of selling at highs, putting significant pressure on the price.
Now at 0.02u, the support below is at 0.016u. If it holds, there is a chance to push toward 0.026u.
But the project team's fundraising hasn't been fully distributed yet, and any rebound could be dumped at any time. A stop-loss should be placed below 0.016u; if it breaks, exit.
$BICO
#BICO