Oh no, did I just CTO $K? Less than 10 minutes after I posted the tweet, someone started sweeping the spot pair at market price. The price pumped 24% in 10 minutes, breaking through all technical resistance levels since @Sidekick_Labs TGE... In the short term, there are no more bagholders left—only people sitting on profits now. Since the buyer seems to be going solo, as soon as he stops sweeping, the supply from profit-takers is likely to cause some long wicks... This whale is playing it cautiously—if the price pumps too fast, he pauses buying, waits for a pullback, then resumes accumulating. Current average buy-in is around $0.27, and I haven’t seen any signs of dumping yet... I’ve marked the exact sweep zone on the 15s chart. Judging by this move, it’s not a pump-and-dump—it’s classic accumulation through a controlled pump. Otherwise, he wouldn't be this careful. Leaving aside whether Sidekick has any potential bullish news, just from a pure trading perspective, this buyer’s theoretical profit target is probably $1 or above. Anyway, congrats to all holders and streamers. For those who used to FUD K, maybe keep quiet for now. We’ll need you to spread more FUD when the next accumulation zone comes around...

Update: It seems that the spot market has finished buying and is no longer buying up, but the short sellers on the futures market who have smelled blood should have entered the market. Seeing such a long needle, it is hard not to be tempted! The volume should be shrinking again next. My advice is not to short, or even to play the futures of this currency. Just hold on to the spot if you have it. I'm starting to suspect this is some insider trading by a major exchange. Let's see if there's any news today or tomorrow...

A massive influx of short positions has flooded the two major futures trading pairs, and funding rates on both BG and Bybit have simultaneously dropped to -2%. Is this good news or bad news? Perhaps the pump-and-dump funds are simply exploiting the long-accumulated short liquidity. Seeing their positions suffer losses and a long sell-off, the shorts yell, "Keep shorting! Get me back to zero!" And then they rush back in... Judging by the price performance, it's truly been a rollercoaster ride in the space of an hour... Okay, you can continue your Fud... 😂😂😂