6. Sanbase tells us the biggest REN trx in past month was from this wallet. It had a month-long accumulation period, before dumping it all on Huobi as the PA started to decline. It’s hoarding REN again. You can set up a signal when it moves REN here - https://app.santiment.net/labs/balance?address=0xa6b78c4ba0d648473876f89b1d2c91e99822edcd&assets=ren&priceMetrics=ren …pic.twitter.com/LgaFkWWAcw
5. While investigating activity near REN’s tops, we found an unexpected market participant: the Republic Protocol team. Their team address moved ~$1.66M during top #1 and ~$2.33M at ATH. Want to track their wallet activity? Here's a pre-made signal: https://app.santiment.net/sonar/signal/187?title=REN%20wallet%200x9A4CD44C1a55CFDa565430DEe9bfb54f2aAcFd6A%20historical%20balance%20below%20157500000 …pic.twitter.com/kmmmRpO2fb
4. When a coin begins to gain traction on social media during a pump, it can be another signal of an incoming top. Same has held true for REN at each of its summer tops, which featured anywhere between 100%-250% spikes in social mentions of the coin: https://app.santiment.net/labs/trends/explore/ren …pic.twitter.com/0SrjQRhPUh
3. When a spike in on-chain activity during a rally proves short-lived and soon declines, it can signal a correction. This *network activity-price divergence* occurred at all REN tops. The coin was unable to sustain the uptrend and began trending down: https://app.santiment.net/projects/ren?enabledViewOnlySharing=true&from=2019-03-12T23%3A00%3A00.000Z&interval=1d&isShowAnomalies=false&metrics=historyPrice,networkGrowth,dailyActiveAddresses&projectId=227222&slug=ren&timeRange=6m&title=Ren%20%28REN%29&to=2019-09-13T22%3A00%3A00.000Z …pic.twitter.com/dlYiXfFMRC
2. Growing % of a coin’s supply in exchange wallets can indicate a rising sell pressure (& vice versa) This happened with REN around each top. The latest move to exchanges marked the end of the uptrend; sell pressure proved too big for another bounceback: https://app.santiment.net/projects/ren?enabledViewOnlySharing=true&from=2019-03-12T23%3A00%3A00.000Z&interval=1d&isShowAnomalies=false&metrics=historyPrice,percentOfTokenSupplyOnExchanges&projectId=227222&slug=ren&timeRange=6m&title=Ren%20%28REN%29&to=2019-09-13T22%3A00%3A00.000Z …pic.twitter.com/n36ojHa2gx
REN gained 522% over the summer and hit an ATH on August 4th, before it all headed south. We took a closer look at various indicators throughout REN’s rally + some curious wallet activity. Here are 6 ways YOU could have caught REN’s summer tops: https://tinyurl.com/yygek8mk (thread)pic.twitter.com/HESot0tJ1o
Ren (REN) is currently the #91 cryptocurrency by market cap at $45M USD. Trading volume for Ren over the last 24 hours is $2.9M USD. There have been no news stories on Ren over the last 7 days. The most common news source covering Ren is Santiment Network Token Twitter and the most common news category is Project Announcements.