CA:
J1yxV53EmVRmt9RUj6PPufMfdAYUbtgwXCuNYTBTsYzJWe flagged it on Solana at a $58.1K market cap, about seven hours after launch. It peaked at 121.7x around 6.1 hours after our post. It now sits at 3.0x, with a 98% drawdown from the peak. That collapse is the main fact of the day.
The name and meme were Jack. It rode a theme that day, with jack showing up in 3 launches. The theme and flow did the work.
At our flag, 20 smart-money buys and 2 KOL buys showed up. That was the attention we could measure.
After our post it took hours to reach the peak, then it rolled over. The last five minutes show 22 buys and 12 sells, with price down 11%. The sell side is heavier.
One honest takeaway: a themed launch can print a huge multiple and then give back nearly all of it. This one did exactly that. The chart is still leaning toward sellers.
Signals TG: @ memmememjk
Not financial advice. Analysis only · DYOR ·
Original: https://x.com/bitecong/status/2104007755619352953