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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: MrSpasybo on March 06, 2024, 07:15:26 PM

Title: STRK: Nethermind & Wintermute continue to manipulate and accumulate (2024.03.06)
Post by: MrSpasybo on March 06, 2024, 07:15:26 PM
STRK is the native token of Starknet, a validity rollup scaling solution for the Ethereum blockchain.

I - Onchain data from 52Hz Onchain (https://t.me/Onchain52Hz/5626) (in Vietnamese)

STRK's past flow: Nethermind & Flow Trader sold causing the price to dump - Flow Trader stopped selling - Bithumb, Wintermute accumulated tokens - Accumulation phase - Price pumping phase - Present[1].

(https://talkimg.com/images/2024/03/06/yIh35.jpeg)

Nethermind withdrew 300k STRK ~ $678K to sell directly to USDC right after STRK price increased on March 5.

Looking at Nethermind's token sale volume, one thing can be certain: Nethermind does not want to dump STRK, so what is their main purpose?

>> Their selling of those STRK tokens may mean they want STRK to temporarily stop increasing in the short term, this will impact the price sideways and Market Makers can take advantage of this time to continue accumulating more STRK tokens.

The MMs navigating the STRK price chart are Wintermute and while Nethermind was selling tokens and creating a price base, Wintermute had accumulated about additional 16M STRK: Nethermind sold 678K STRK < Wintermute accumulated an  16M STRK.

Each Nethermind order sells an average of about 50K STRK, while Wintermute only make buying orders with a volume of 100-1K STRK, so STRK only increases sideways even though the amount buyed and sold is very different.

So we have confirmed: Nethermind is creating a small frame re-accumulation price base for Wintermute to continue to accumulate in large quantities to carry out a stronger price pump in the near future.

Current Flow: Wintermute will pump and create a price push - Nethermind will sell STRK to stop the price from increasing - Create a small price base for Wintermute to accumulate more STRK.

II - Technical analysis (1H chart)

Both Kumo cloud (Ichimoku) and 1H EMA34 (Sonic R) are providing very good support for STRK price chart, there is no signal of a reversal from increase to decrease of STRK in the near future.

The volume in the bullish candles is much larger than in the bearish candles, reconfirming the ongoing bullish trend.

(https://www.tradingview.com/x/391eUxR2/)
[1] Flow Nethermind (https://scan.0xscope.com/moneyFlow/0x663ec2bfb273447dc236a646d6daaa333aab08f7?id=1765408639918571520&network=eth&pp=52Hz)
Title: Re: STRK: Nethermind & Wintermute continue to manipulate and accumulate (2024.03.06)
Post by: Trongduy on March 07, 2024, 06:01:50 PM
Quote from: MrSpasybo on March 06, 2024, 07:15:26 PM
>> Their selling of those STRK tokens may mean they want STRK to temporarily stop increasing in the short term, this will impact the price sideways and Market Makers can take advantage of this time to continue accumulating more STRK tokens.
STRK token is quite hot because it is also in the Layer-2 field on Ethereum and its potential may not be inferior to ARB or OP in this market, I think so. As long as it is an object for whales to price in an uptrend, it is worth it for us to accumulate and wait for higher price ranges to take profits.

Whales who actively manipulate will get huge profits, while normal investors just need to follow, buy and sell to be among the investors who profit from this market.
Title: Re: STRK: Nethermind & Wintermute continue to manipulate and accumulate (2024.03.06)
Post by: KryptoBull on March 08, 2024, 01:34:32 AM
Quote from: Trongduy on March 07, 2024, 06:01:50 PM
STRK token is quite hot because it is also in the Layer-2 field on Ethereum and its potential may not be inferior to ARB or OP in this market, I think so. As long as it is an object for whales to price in an uptrend, it is worth it for us to accumulate and wait for higher price ranges to take profits.

Whales who actively manipulate will get huge profits, while normal investors just need to follow, buy and sell to be among the investors who profit from this market.
Starknet is a new project, I think we should focus on fundamental analysis to compare its potential with Arb and Op. Technical analysis does not yet show value because STRK price history is too short. Onchain analysis can be a suitable approach to see price manipulation and whale plans.

Today, STRK price continues to move sideways, possibly still being gradually caccumulated by whales for pumping plans in the near future. It's interesting that we can observe and predict whale plans, which a few years ago we could only predict with conspiracy theories.
Title: Re: STRK: Nethermind & Wintermute continue to manipulate and accumulate (2024.03.06)
Post by: MrSpasybo on March 13, 2024, 04:30:35 PM
Quote from: Trongduy on March 07, 2024, 06:01:50 PM
STRK token is quite hot because it is also in the Layer-2 field on Ethereum and its potential may not be inferior to ARB or OP in this market, I think so. As long as it is an object for whales to price in an uptrend, it is worth it for us to accumulate and wait for higher price ranges to take profits.

Whales who actively manipulate will get huge profits, while normal investors just need to follow, buy and sell to be among the investors who profit from this market.
Onchain is not a god, but if onchain shows that Market Makers are accumulating tokens in the bullrun, we can also boldly accumulate them, then sell them at a suitable price. If it is safe, we can take the capital and keep the profits on long-term investment comes at the end of the cycle.

Starknet's STRK is a good token of a potential project, I think it will not be abandoned as a failed experiment. TVL has reached $1B and the number of users is 9K, things are looking very positive for the project and the possibility of token price increase in 20224-2025.