Do we still believe in the second spring of old coins?
Written by: Bright, Foresight News
Recently, DINO on the Base chain has been at the top of the growth list, and on May 19, it reached a new high, strongly breaking through a market value of 40 million USD. However, the first half of this coin-holding journey that started in April 2024 is a realistic portrayal of most projects in the crypto space.
Assuming you bought DINO at the peak on April 24, you only need to endure 15 weeks of decline and 36 weeks of sideways movement, and then suppress the urge to stop-loss and cut your losses during 5 weeks of slight gains, you can reap 6 weeks of violent surges, achieving over 70% profit.
And if you are one in a million lucky, you have plenty of time to build your position without exceeding a market value of 1 million, enjoying a "push-back feeling" of over 40 times.
The Rebellious Little Dinosaur
DINO (CODING DINO) had its presale in March 2024, followed by the TGE in April. DINO is an ERC50 smart contract asset issuance protocol. During the asset issuance phase, users can deposit eth into the contract to exchange for DINO tokens, and they can withdraw their eth by depositing DINO at any time before reaching the hard cap. Once the hard cap is reached, the smart contract automatically adds liquidity and starts trading.
According to the article retweeted by DINO's official Twitter, people buy DINO because in April 2024 there were too many large cuts (VT, machi) issued in the form of presales by Bome and Slerf, and everyone lost a lot of money due to blind trust in these large cuts. Therefore, the concept of DINO is to distrust centralized entities (project parties/KOLs) and trust decentralized code. It also claims that DINO's narrative is consistent with Ethereum's.
don‘t trust , just verify
don’t trust people , trust code
At that time, DINO officials also asked: "So can this narrative continue to expand? For example, could future asset issuances no longer be done by transferring funds to private addresses, but instead realized through DINO's smart contracts? In the short term, this may be somewhat difficult, as most issuers of projects are not technical experts. However, as long as retail investors unite and demand that project parties issue tokens using smart contracts, project parties may ultimately have no choice but to adopt smart contracts for token issuance."
I didn't expect that the prototype of Bonding Curve had already appeared at that time.
The logo of DINO is also very interesting. Combining DINO's core narrative—only believe in the code, resisting the project teams / KOLs who cut leeks—DINO has chosen a small dinosaur game that appears when the Chrome browser is offline. This classic dinosaur image is linked to the spirit of early code developers: independence, open-source, and a technical-first approach.
Silent Coin Price and Vacuum Community
However, like all unsuccessful Meme projects, the price of DINO fell freely a month later, continuing its trend towards zero.
At the same time, DINO's social media and community have become increasingly silent as the coin price declines. The last update on the official Twitter was a mention of Binance, with a cutoff date of September 7, 2024.
The latest update from the official Telegram introduced the Safeguard bot, with a deadline of September 6, 2024.
In other words, the original coin issuance team of DINO may have (probability > 99%) absconded, leaving the coin holders wandering.
Behind the violent pull
The "soft rug" in the first half of the DINO lifecycle is so familiar to players in the coin circle, while the big bullish line in the second half is indeed a rare news.
From May 12 to 18, DINO's weekly trading volume exceeded $15.6 million, with both volume and price rising. According to rumors, big players from the trading circle and promoters have entered DINO.
However, although the price surge is enticing, the on-chain situation of DINO is not "healthy". The top ten addresses holding coins mostly have token inflow activities, and the address with the most coins has accumulated 53.4% of the total supply. Moreover, on-chain data shows that there has been continuous inflow of DINO into the top ten holding addresses. All of this indicates a high degree of control over the DINO supply, so investing in DINO at the current price requires careful consideration of the risks.
In other words, DINO, which lives on a narrative of decentralization, code independence, and retail resistance, has long lost all its supporters. In their place are the premeditated whales and the Degen who chase after price increases. The artificially awakened dinosaurs may have a shorter lifespan.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
DINO single month pump rise 3500%, has the old dinosaur woken up?
Written by: Bright, Foresight News
Recently, DINO on the Base chain has been at the top of the growth list, and on May 19, it reached a new high, strongly breaking through a market value of 40 million USD. However, the first half of this coin-holding journey that started in April 2024 is a realistic portrayal of most projects in the crypto space.
Assuming you bought DINO at the peak on April 24, you only need to endure 15 weeks of decline and 36 weeks of sideways movement, and then suppress the urge to stop-loss and cut your losses during 5 weeks of slight gains, you can reap 6 weeks of violent surges, achieving over 70% profit.
And if you are one in a million lucky, you have plenty of time to build your position without exceeding a market value of 1 million, enjoying a "push-back feeling" of over 40 times.
The Rebellious Little Dinosaur
DINO (CODING DINO) had its presale in March 2024, followed by the TGE in April. DINO is an ERC50 smart contract asset issuance protocol. During the asset issuance phase, users can deposit eth into the contract to exchange for DINO tokens, and they can withdraw their eth by depositing DINO at any time before reaching the hard cap. Once the hard cap is reached, the smart contract automatically adds liquidity and starts trading.
According to the article retweeted by DINO's official Twitter, people buy DINO because in April 2024 there were too many large cuts (VT, machi) issued in the form of presales by Bome and Slerf, and everyone lost a lot of money due to blind trust in these large cuts. Therefore, the concept of DINO is to distrust centralized entities (project parties/KOLs) and trust decentralized code. It also claims that DINO's narrative is consistent with Ethereum's.
don‘t trust , just verify
don’t trust people , trust code
At that time, DINO officials also asked: "So can this narrative continue to expand? For example, could future asset issuances no longer be done by transferring funds to private addresses, but instead realized through DINO's smart contracts? In the short term, this may be somewhat difficult, as most issuers of projects are not technical experts. However, as long as retail investors unite and demand that project parties issue tokens using smart contracts, project parties may ultimately have no choice but to adopt smart contracts for token issuance."
I didn't expect that the prototype of Bonding Curve had already appeared at that time.
The logo of DINO is also very interesting. Combining DINO's core narrative—only believe in the code, resisting the project teams / KOLs who cut leeks—DINO has chosen a small dinosaur game that appears when the Chrome browser is offline. This classic dinosaur image is linked to the spirit of early code developers: independence, open-source, and a technical-first approach.
Silent Coin Price and Vacuum Community
However, like all unsuccessful Meme projects, the price of DINO fell freely a month later, continuing its trend towards zero.
At the same time, DINO's social media and community have become increasingly silent as the coin price declines. The last update on the official Twitter was a mention of Binance, with a cutoff date of September 7, 2024.
The latest update from the official Telegram introduced the Safeguard bot, with a deadline of September 6, 2024.
In other words, the original coin issuance team of DINO may have (probability > 99%) absconded, leaving the coin holders wandering.
Behind the violent pull
The "soft rug" in the first half of the DINO lifecycle is so familiar to players in the coin circle, while the big bullish line in the second half is indeed a rare news.
From May 12 to 18, DINO's weekly trading volume exceeded $15.6 million, with both volume and price rising. According to rumors, big players from the trading circle and promoters have entered DINO.
However, although the price surge is enticing, the on-chain situation of DINO is not "healthy". The top ten addresses holding coins mostly have token inflow activities, and the address with the most coins has accumulated 53.4% of the total supply. Moreover, on-chain data shows that there has been continuous inflow of DINO into the top ten holding addresses. All of this indicates a high degree of control over the DINO supply, so investing in DINO at the current price requires careful consideration of the risks.
In other words, DINO, which lives on a narrative of decentralization, code independence, and retail resistance, has long lost all its supporters. In their place are the premeditated whales and the Degen who chase after price increases. The artificially awakened dinosaurs may have a shorter lifespan.