Oh, SNX
The story of how I ended up buying spot SNX. And how I may add.
Ki Young Ju twitter
What raised my attention was this tweet by Ki Young Ju:
He’s basically saying that whales accumulate out of exhanges before making the coin pump. And regarding this statement, the coin with the most potential is SNX:
The bad news is: the outflows underlined by Ki Young Ju were compensated by huge inflows. And when we look at the netflows (see above), there is actually an increasing inflow towards exchanges !
Realization
Oops. I made a mistake. I bought SNX on my phone not checking twitter info. Huge mistakes.
After realizing that (while writing this story), I market sold with less than 0,5% loss. Oof.
Bounce back
So netflows told us a good info… Is there an altcoin with a decreasing netflows ? Like the start of a trend ? Let’s take a look:
No big alpha here. And when we take a look at the all adresses outflows count, the numbers are between 100 & 200 for YFI for examples. The exchanges here are not really indicating retail involvement.
Next time: I have to respect my rules.
