I have done my initial analysis on the order book on Uniswap. Conditions:.

03 Jul 2023, 20:36

I have done my initial analysis on the order book on Uniswap. Conditions: I reviewed any selling over $2,500 and looked at the address, the tokens held in the wallet to get a wider picture and followed secondary transactions where possible. (Up to 15 addresses) 1. Almost all wallet addresses that sold held 0- $2,500 in total token value across all assets in their wallet. The majority are now under $10. REKT Behaviour! 2. The quality of the projects they held were all heavily down and of real poor quality - Mong, Big Eyes, Sponge, Tweety, Pepe2. 3. This is the profile of a classic high risk degen wallet that is constantly shifting and heading to zero whilst trying to cover losses. 4. Most sells were from pre-sale holders that are still in profit (Beta to Stage 2), MCADE was the only token in profit in these wallets over the last week. Initial Conclusion The wallets in questions are of low value, high risk investors, almost all capitulated on us because we held our value better than anything else in their wallets. We were exit liquidity for a lot of bad trades elsewhere. I can't see MEXC near it when you look at onchain behaviour and the wider picture. Not one wallet held any project I would regard of high quality or of any real value. Pure speculation patterns. Action We work towards attracting a higher calibre of investor that will look at Metacade alongside their long term holdings, not a pre-sale speculation. We are clearly not on the radar yet. Plenty of opportunity to now affect this over the coming weeks and months. Not the answer some of you wanted but its the onchain data I see and what the wallet holds along with the timing of transactions tells me what I need to see. I welcome everyone who needs to see it to DYOR using the model above. Regards, Russell