2 trader(s) interacted with this token in the last 360 minutes, 1 of whom meet the HIGH/MEDIUM quality bar (convergence shape: concentrated). 0 were new entrants and 2 were already-observed holders acting again. Observed activity currently favors distribution. Independence of this convergence is assessed as UNKNOWN (3 entries spread over 10 minutes - not tightly clustered, but not spread enough to be confident either way). The signal is recent. Overall: WATCH with MODERATE confidence - confidence reflects sample size and data-quality tier, not the strength of the evidence itself.

Qualifying wallets

1 of 2 relevant

Quality-weighted

1.0

New entrants

0

Existing holders active

2

3 entries spread over 10 minutes - not tightly clustered, but not spread enough to be confident either way

• 1 of 2 relevant trader(s) meet the HIGH/MEDIUM quality bar (quality-weighted count: 1.0)
• 1 HIGH/MEDIUM-quality trader(s) were observed entering before the midpoint of this activity window (3 total observed entries) - this describes observed participation order within our own data, not entry relative to any price move
• 2 previously-observed holder(s) remained active this window; 1 of them were observed reducing exposure
• 20 distinct traders wrote theses on this token and their own observed trade direction this window does not conflict (theme similarity itself is not analyzed)

• 0 buy event(s) totalling ~$0 vs 3 sell event(s) totalling ~$8,000
• sell-side activity dominates by count and USD volume
• 1 previously-observed HIGH/MEDIUM-quality holder(s) were observed selling/reducing exposure this window

• convergence is CONCENTRATED - a small number of traders account for most observed events, which is weaker evidence than broad independent participation