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At the 549 level, $KORU fell 14.58% in 24 hours with a trading volume of $1.02 billion — this drop combined with this volume means it's not retail investors selling, but a whale dumping.
I was watching yesterday when it hit a high of 652. The large buy orders on the order book were being pulled from 652 all the way down to 580, clearly covering the distribution. I took the first entry at the daily low of 529, but it didn't immediately bounce because big money was still pressing the price. I just checked the chain, and an address split over $8 million worth of tokens into 10 batches and transferred them to the exchange one after another — this is the typical pattern of accumulating by suppressing prices in batches. My guess is he will next push it down to the 510-520 range to shake out stop-loss orders and panic sellers, then pull it all the way above 580 in one go. Now at 549, if you're a short-term trader, the best strategy is to place a buy order at 530, set stop-loss at 518, and take profit at 580. Don't exceed 30% of your position, because this kind of deep washout may still have another spike down.
My habit is that after each large order fills, I watch the changes in holding addresses. In the last three days, the concentration of holdings in the top 100 addresses of $KORU has increased by 4%, meaning the top whales are slowly accumulating. Don't be scared by the -14.58% drop; on the contrary, this is a signal of retail capitulation and smart money entry. The real launch point will come when the next heavy volume breaks below 520 and then quickly recovers.
The chart does not lie.