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kioto
@0xkioto
cofounder @sparsitydata
Joined February 2013
2.5K Following    15K Followers
There is a pattern in every single $100M runner on Robinhood. There is initial traction on the coin that pulls in a lot of capital from everywhere. Once that euphoria slows down it shakes all the short term buyers out. The flush from -60% to -95% migrates the supply to holders that won't sell and a "team" to pick up supply for another run. When new demand comes in, it hits a thin sell side with maybe a catalyst to accelerate. This is when it gets parabolic. Once you understand that this pattern repeats over and over again you can search for these spots. Robinhood is a holders chain. Not a flippers chain.
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