$XPL
đšđ XPL won't be causing too much liquidation in this dump đš It's its first dump, and I don't think people got too leveraged on that extremely fast rise đ And selling is probably mostly done by ICO investors in spot đŒ
Analysis of the Situation:
- Rapid Rise: XPL experienced a rapid rise in the recent period đ, which raised concerns among some investors about the possibility of significant liquidation in case of a downturn âŹïž
- First Dump: This is considered the first dump for XPL đïž, which might reduce the risk of large liquidation, as many investors didn't leverage much in this rapid rise đž
- Selling by ICO Investors: It's believed that selling is mainly done by ICO investors in the spot market đ, which might affect the price performance in the short term â±ïž
Expectations:
- Price Stability: XPL price might stabilize in the short term â±ïž, due to the low expected liquidation đž
- Impact of ICO Investors: Selling by ICO investors might impact the price performance đ, especially if the selling continues in the spot market đŒ
Conclusion:
- Current Situation: XPL seems to be in a relatively stable position đ, with low expected liquidation in this dump đïž
- Challenges: However, XPL might face challenges in the long term â±ïž, especially if the selling by ICO investors continues đŒ
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