Recently, I've been watching CLO's price action constantly rising, but I haven't seen any exits yet. This trend is really hard to figure out. I went through all the coins that pumped recently in my head—JELLYJELLY? Doesn't seem like it, that coin broke through the resistance level and got dumped hard two days later. FOLKS? Pretty much the same, one big bullish candle pulled it up and then it dumped. LIGHT was even more extreme, it completely exited within ten minutes of pumping.
After thinking it over repeatedly, CLO's current uptrend actually reminds me a bit of early PIPPIN when it was about to break through its all-time high. During that period, PIPPIN was pushing up step by step like this—no rapid acceleration, no sudden crash, just steady upward momentum.
If CLO later flips the fee rate to negative at maximum level, following a settlement rhythm of once per hour, I still have some confidence in this coin's sustainability. According to this mechanism, the exit space is severely restricted, so this coin might not complete its cycle that quickly in the short term. In this situation, both the whale's patience and retail investors' psychology will be extended significantly.
Recently, I've been watching CLO's price action constantly rising, but I haven't seen any exits yet. This trend is really hard to figure out. I went through all the coins that pumped recently in my head—JELLYJELLY? Doesn't seem like it, that coin broke through the resistance level and got dumped hard two days later. FOLKS? Pretty much the same, one big bullish candle pulled it up and then it dumped. LIGHT was even more extreme, it completely exited within ten minutes of pumping.
After thinking it over repeatedly, CLO's current uptrend actually reminds me a bit of early PIPPIN when it was about to break through its all-time high. During that period, PIPPIN was pushing up step by step like this—no rapid acceleration, no sudden crash, just steady upward momentum.
If CLO later flips the fee rate to negative at maximum level, following a settlement rhythm of once per hour, I still have some confidence in this coin's sustainability. According to this mechanism, the exit space is severely restricted, so this coin might not complete its cycle that quickly in the short term. In this situation, both the whale's patience and retail investors' psychology will be extended significantly.