As part of our work, we regularly analyze Pulsechain and many other chains, and we’re able to see details that most people simply can’t. Sometimes it’s market maker movements, sometimes it's liquidity liquidations or user behavior patterns, and this data reveals a lot about both the chain and its native token.
Many major chain tokens have their allocations structured in a shady way. A big chunk often goes to VCs and market makers, who only care about their own gains. Team and dev allocations end up becoming sell pressure, and you can see that even with Ethereum, so imagine how bad it is for other tokens. On top of that, exchanges receive massive grants, and as you’d expect, they liquidate those assets without hesitation. But with PLS, as far as we know, there are no VCs, no market makers, no exchange grants, no millions handed out to influencers or useless marketers. So we believe that the only real counterparty left against PLS is its own investors. And aside from these assumptions, we also have some solid evidence. We’ve observed that the movement from dormant wallets has mostly dried up, trade sentiment has shifted to neutral for the first time in months, and the whales tracked by our analyst—almost a hundred wallets—have now finished rotating into new positions. There’s more we could share, but one of the most telling indicators is the shift in liquidity. In recent months, liquidity depth has dropped significantly, moving independently from price, this divergence has dragged the price down more than it should have. But this same pattern tends to reverse during uptrends, meaning the price will likely rise more than expected. If we simulate a move similar to what we saw in Q1 of 2024, a extra 4x jump wouldn’t be unrealistic.
We’ve been sharing ideas for a long time to help the ecosystem grow and thrive, and this is just another perspective. Of course, no one can predict the market’s direction with certainty, this is simply an insight based on our analysis. It’s not financial advice.
We hope this gave you something valuable to think about.