Yigol|Aug 06, 2026 07:13
Bless
Been diving into BLESS these past couple of days.
If the market rumors about 98% of the tokens being highly concentrated are basically true, then I think BLESS in the short term is more of a liquidity game rather than a price discovery market.
The reason is simple.
When the vast majority of tokens are concentrated in a few addresses, the real factor determining the price isn’t retail buying and selling—it’s market-making strategies.
A pump doesn’t necessarily mean sustained bullish sentiment; sideways movement could just be waiting for volume; a sharp drop might be testing support levels.
A lot of people like staring at candlestick charts. I prefer watching the order book.
If trading volume keeps shrinking but the price remains stable, I’d think market-making funds are still controlling the pace. If there’s suddenly massive volume but no new highs, I’d actually become more cautious.
My view is clear:
For coins with high concentration, don’t try to guess the top or the bottom.
First, observe what the market makers want you to see, then decide what you should do.
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