Whales are accumulating billions after a 77% drop, but is there really a future or are we just witnessing the last gasp of the meme coin? On one hand, some crypto analysts argue that breaking the downward trend line is a clear signal that the reversal has already begun.

After a brutal adjustment, the project would be ready to regain ground and prove that it is not just smoke and mirror on the wave. Optimists are now saying that the massive accumulation by large investors is a proof that they are seeing value where other users only see a meme. Is it true?

But also, isn’t this what people want or desires? Many recall that in other meme cryptocurrencies, trend breakouts always ends up being trap to catch less experienced investors. It’ll interest one to know that just before the price collapsed further, an additional -6.90% big breakout today is evitable. Is there really strength in this supposed reversal?

One may ask, is it a trap to set a stage for a new drop? Curious crypto investors and users are waiting for more market signals to pop up, so they can decide what net to do.