$Dagestan is now trading at 500k mcap
I always try to write down why I bought a token
What caught my eye here was real accumulation by the top 100 holders
I noticed LP supply moving into the hands of the top 100 holders
Btw, you can spot the same patterns on @nansen_ai for free
Link: https://t.co/ONJgPIUU2W
What’s interesting is this memecoin wasn’t popular on X during the move and it’s still flying under the radar
I remember only one influencer posting about it: @Pabl0cito on X
➤ What happened to $Dagestan after my post:
Price pulled back, and that’s where I added
Then it started running and did a 3x from 220k mcap
➤ Right now I’m seeing 4 Nansen smart traders buying:
32RGehFsUvd7hiX5ZYaUVHgcLGQyVanJe6jvNdyNKELC - bought 1.5M tokens at 500k mcap
15YYejZ7Br4JPfEahPuxUQVJQ33TQQV1yDu73upF3ym - bought as early as 50k mcap, then added on the pullback at 190k
Now holding 4.32M, around 19% of the total amount of tokens it held
D5YvAmV2y55UrViKASLKtAQ8hjmednxuDrxGmX74NnQa - bought at 200k mcap, added on the pullback
7Mwof5tBvNPC6e1zwtHRQynqXcuDpqqbeY9vSZLW2Bv8 - bought at 50k and kept adding up to 400k mcap
Sold 6.4M tokens over the last 2 hours
➤ What I took away from this trade:
A token doesn’t always need hype to run, and you can spot accumulation on-chain
But it’s important to have at least some active community, even if it’s just a few people
Obviously, accumulation alone is a shaky reason to buy
You need to analyze the whole token
Here I basically relied on accumulation only, and the bet worked
Btw, soon I’ll be looking for interesting wallets to track - once I find something good, I’ll share it with you.
I posted about $Dagestan in my TG at 220k mcap (link below)
