Pump or Accumulation?
Another day, another pump. HIVE is shooting above 7 cents this morning, currently up 25%. It looks very similar to the pattern we saw three weeks ago when we suddenly pumped above 9 cents out of nowhere.
While I’m enjoying this little relief rally, I don’t expect it to last. Just like so many times over the past few years, these rallies tend to get sold off quickly and rarely prove sustainable. The only real exception was 2021, when we literally went from 10 cents all the way up to $3.41.
Glorious Splinterlands made that possible. It was an absolute killer app back then and one of the top blockchain games in the world.
What do you think, guys? Are we seeing whale accumulation here, or is this just another trader-driven pump and dump?
