I’ve talked about this before, but since
@DocTuahh has been here since $3M and is still asking, let’s run it back.
A huge percentage of solana:Ai66LHZG9MCzg1WKdawwqduVAXpNDUuV8M3uyq5ppump holders are brand new to crypto. They see a chart going straight up, get excited, and often put in more than they’re comfortable losing. Then the chart stops going straight up. They panic. Every day it goes lower, that panic compounds until they finally sell.
All you have to do is watch the selling on Fomo to see the pattern. When momentum turns down, newer traders rush for the exits. The second it reverses, many of the same people sprint right back in.
The same reason CATE’s green candles are so aggressive is the reason the red candles can be so brutal: FOMO on the way up, panic on the way down.
That’s when new holders replace sellers, conviction gets redistributed, and we start building a new floor for the next leg.
CATE is different from almost every other coin. More holders, more first-time traders, and less supply control. That comes with growing pains.
IMO these pullbacks are part of what’s required if we’re actually going to make it to billions. Think about how much weaker this community would be if we hadn’t already weathered multiple storms together. Every storm we survive builds more conviction for the next one.
This is nothing, bros. Did we forget what CATE has already been through?
Much love. WAGMI. Back to what we do best: onboard the world. 💛🐈