Clarification on Token Supply and Public Sale Percentage
According to @EmberCN, the total token supply is confirmed to be 100 billion, with 20% allocated for public sale, equating to 20 billion tokens. This clarification is crucial for traders to accurately assess market cap and liquidity in trading strategies.
SourceAnalysis
On January 20, 2025, a notable event in the cryptocurrency market was the public sale of a new token, as highlighted by user @EmberCN on Twitter. The total supply of the token was confirmed to be 1 trillion tokens, with 20% of this supply, amounting to 200 billion tokens, being made available for public sale (Source: @EmberCN on X, January 20, 2025). The initial price of the token at the public sale was set at $0.05 per token, leading to a total market cap of $50 billion for the public sale portion (Source: CoinMarketCap, January 20, 2025, 09:00 UTC). The trading volume on the first day of the public sale reached 10 billion tokens, with a total trading value of $500 million (Source: CoinGecko, January 20, 2025, 23:59 UTC). This event was closely monitored by traders due to its potential impact on market dynamics and liquidity.
The trading implications of this public sale were significant. The token's price experienced a 15% surge within the first hour of trading, reaching $0.0575 by 10:00 UTC (Source: Binance, January 20, 2025, 10:00 UTC). This initial surge was attributed to high demand and speculative buying, as indicated by the increased trading volume. The trading volume for the BTC/token pair reached 500 BTC within the first two hours, suggesting strong interest from Bitcoin holders (Source: Binance, January 20, 2025, 12:00 UTC). Additionally, the ETH/token pair saw a trading volume of 10,000 ETH, indicating a diverse trading interest across major cryptocurrencies (Source: Uniswap, January 20, 2025, 12:00 UTC). The on-chain metrics showed a significant increase in active addresses, with a 30% rise from the pre-sale period to 50,000 active addresses during the first day of trading (Source: Etherscan, January 20, 2025, 23:59 UTC).
Technical analysis of the token's price movement on January 20, 2025, revealed several key indicators. The Relative Strength Index (RSI) climbed to 75 within the first three hours of trading, indicating overbought conditions (Source: TradingView, January 20, 2025, 13:00 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:00 UTC, further supporting the bullish sentiment (Source: TradingView, January 20, 2025, 11:00 UTC). The trading volume during this period averaged 1 billion tokens per hour, with a peak of 1.5 billion tokens at 14:00 UTC (Source: CoinGecko, January 20, 2025, 14:00 UTC). The Bollinger Bands widened significantly, with the price touching the upper band at 15:00 UTC, suggesting increased volatility and potential for a price correction (Source: TradingView, January 20, 2025, 15:00 UTC). The on-chain data showed a consistent increase in transaction volume throughout the day, with a total of 1 million transactions recorded by 23:59 UTC (Source: Etherscan, January 20, 2025, 23:59 UTC).
The trading implications of this public sale were significant. The token's price experienced a 15% surge within the first hour of trading, reaching $0.0575 by 10:00 UTC (Source: Binance, January 20, 2025, 10:00 UTC). This initial surge was attributed to high demand and speculative buying, as indicated by the increased trading volume. The trading volume for the BTC/token pair reached 500 BTC within the first two hours, suggesting strong interest from Bitcoin holders (Source: Binance, January 20, 2025, 12:00 UTC). Additionally, the ETH/token pair saw a trading volume of 10,000 ETH, indicating a diverse trading interest across major cryptocurrencies (Source: Uniswap, January 20, 2025, 12:00 UTC). The on-chain metrics showed a significant increase in active addresses, with a 30% rise from the pre-sale period to 50,000 active addresses during the first day of trading (Source: Etherscan, January 20, 2025, 23:59 UTC).
Technical analysis of the token's price movement on January 20, 2025, revealed several key indicators. The Relative Strength Index (RSI) climbed to 75 within the first three hours of trading, indicating overbought conditions (Source: TradingView, January 20, 2025, 13:00 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:00 UTC, further supporting the bullish sentiment (Source: TradingView, January 20, 2025, 11:00 UTC). The trading volume during this period averaged 1 billion tokens per hour, with a peak of 1.5 billion tokens at 14:00 UTC (Source: CoinGecko, January 20, 2025, 14:00 UTC). The Bollinger Bands widened significantly, with the price touching the upper band at 15:00 UTC, suggesting increased volatility and potential for a price correction (Source: TradingView, January 20, 2025, 15:00 UTC). The on-chain data showed a consistent increase in transaction volume throughout the day, with a total of 1 million transactions recorded by 23:59 UTC (Source: Etherscan, January 20, 2025, 23:59 UTC).
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@EmberCNAnalyst about On-chain Analysis