One fleeting moment of attention
One new set of eyes
One listing
One big whale
One slow curl back to the top
There is many ways to get there, but it really just takes one catalyst and the "boredom" is quickly forgotten
$cets is boring right now, but there can be many surprises in a box
Most of last cycle's biggest memes looked boring right before they went parabolic.
Before their biggest move after launch, 7 of the 8 winners we studied spent weeks or months going sideways. The typical wait was about two months. It ranged from 25 days for SPX6900 to roughly 10 months for PEPE and BONK. FARTCOIN was the only one that trended straight to its top.
Look at POPCAT. It sat between $6M and $13M through February 2024 and bottomed at $6M on Feb 3. It broke out on Feb 29 and was at $358M by April 1.
The pattern repeats across the chart. The low came inside the range, weeks before the breakout. WIF and SPX6900 even dipped just under their ranges right before running. Once they went, the typical move took about a month from breakout to peak: BONK 113x the range top, SPX6900 53x, POPCAT 29x, MOG 17x.
The bottom row is today's consolidating leaders in the same view. AI, BONER, CASHCAT and PONS are 25 to 35 days into ranges of their own.