There is no doubt there is some FUD around this project lately and it did look like it was on life support just a few days ago. However, in the last 48 hours things have taken a turn towards the upside.
The project seem to bottom out at $1.8M MC on the 3rd and since then has jumped over $10M MC and is now at $9.4M as of this post.
That is over 5X in 48 hours (when the rest of market is heading the way)
Chart: https://dexscreener.com/solana/mh2ted7h29ez4ytxpvgzysbwhfqtpqbt2mvy6kduwsh
As you may know if you have been following me, this is a risky meme, but as I said in my last post sometimes when others are fearful may just be the time to buy (just to be clear I’m not making any type of Buy call here)
In this post I just want to point out some strength indicators not clouded by the repetitive FUD others are sharing.
FACTS:
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The Liquidity Pool is over $400K and the LP tokens have been burned, so no one is pulling the pull!
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There are still over 29K Holders (very strong)
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There are still 100K followers on X & 52K followers on Telegram (also very strong)
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They did spend $1M USDT on Aug 29th to buy 13B $CATDOG
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The did Burn 13B or 13% of Supply on Aug 30th (https://t.co/mmGt4oLbjP)
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They do still have major CEX listings (Bitget, MEXC, Gate.io, XT.com, CoinEx, BingX)
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They still are working with one of the bigger Market Makers Gotbit.
Just My OPINION:
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I think people created FUD over KOLs Shilling and exiting their positions… This is what they do, and how they get paid! Seems like everyone is acting surprised… Not sure why?
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I think almost all the weak hands, KOLs, any potential “insiders”, and early investors have likely exited this project, so now it is potentially very healthy. Show Less
