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Check developer or general holder distribution if you can.
Sometimes you see abnormal amounts concentrated but it ends up being entirely normal (exchanges of liquidity pools).
Other times it's a single entity holding to much or even the team.
None of these metrics guarantee anything but they add to the overall picture of risk assessment.
"is this organic distribution or concentrated ownership?"
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#GBPUSD is recovering above 1.33 after hitting a two-month low at 1.3260.
🇺🇸 USD is easing as optimism over a potential US-Iran peace deal sparks profit-taking following the Fed's hawkish hold.
🤔 Despite the rebound, GBP/USD remains below its 200 SMA and the RSI is under 50, keeping the outlook bearish.
🚀 $XLM jumped 30% on news of a DTCC partnership, reigniting optimism around real-world asset tokenization.
Can the rally continue, or is a pullback next?
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