A summarised understanding of Zilliqa's $ZIL accumulation and distribution events taking place.
Accumulation 1: 33.2B moved.
Accumulation 2: 61.9B moved.
Distribution 1: 23.1B moved.
A simple takeaway here is that we're seeing a decrease in the movement of $ZIL, which to me is a bullish sign aka hard core hodlers aren't bulging, while profit takers are profit taking, and there will be a point where they'll realise it's time to stop profit taking and let price appreciate, so that they can profit take later~
Accumulation 1: 33.2B moved.
Accumulation 2: 61.9B moved.
Distribution 1: 23.1B moved.
A simple takeaway here is that we're seeing a decrease in the movement of $ZIL, which to me is a bullish sign aka hard core hodlers aren't bulging, while profit takers are profit taking, and there will be a point where they'll realise it's time to stop profit taking and let price appreciate, so that they can profit take later~