If you read my timeline, you've probably noticed that I like to look at data. This morning I went through each $SALARY transaction over a certain value for the past 12 hours.
I came to the following conclusions:
1. The average quantity sold by individual holders is decreasing over time.
2. With few exceptions, the top 100 holders do not appear to be selling.
3. The number of holders increased substantially during yesterday's pump.
4. A couple large wallets are taking profits, and may be exiting their positions.
5. Large green candles happen multiple times per day, and profit taking generally does not occur for several minutes after the fact.
This last point is particularly interesting. The $SALARY community appears ready for a god candle. They're just waiting for the signal. I see no reason to be anything other than bullish at the moment.
#Crypto
#Altcoins
