Toshi令牌（Toshi）已經看到了一個非常出色的30天價格，超過600％

Toshi代幣已經看到了一個非常出色的30天價格動作（超過600％），在這個空間中，看起來和感覺非常像泵。

The TOSHI token has seen a truly remarkable 30-day price action—up over 600%—that, to many in this space, looks and feels very much like a pump.

Toshi代幣已經看到了一個非常出色的30天價格動作（超過600％），在這個空間中，看起來和感覺非常像泵。

This price movement has, of course, attracted the attention and now the speculation of both retail traders and institutional investors alike. But is it really something we should be buying into and be bullish on? Or are we being set up for another in this series of “last chance” tops that we should be avoiding on our way down?

當然，這種價格變動引起了人們的關注，現在猜測了零售商人和機構投資者。但是，這真的是我們應該購買並看好的東西嗎？還是我們在這一系列的“最後機會”頂部中為我們避免在途中避免的“最後機會”上方的另一個？

Let’s take a look at some on-chain data to see what might be driving this price movement and where the token might be headed next.

讓我們看一下一些鏈上數據，以了解可能推動這種價格變動以及接下來的代幣的何處。

TOSHI Price Action Ignites Speculation

Toshi價格動作點燃了猜測

The seven-day average of new TOSHI addresses has skyrocketed in recent weeks, reaching levels not seen since early May. This uptick in new addresses suggests that an increasing number of people are taking an interest in the token.

最近幾週，新的Toshi地址的七天平均水平飆升，自5月初以來未見水平。這個新地址的上升表明，越來越多的人對代幣產生了興趣。

However, a closer look at the seven-day averages shows that the number of new active addresses is actually under 10. So, what does this mean? Does it mean that TOSHI truly has not achieved mass retail adoption yet?

但是，仔細觀察7天的平均值表明，新的活動地址的數量實際上不到10。那麼，這是什麼意思？這是否意味著Toshi確實沒有實現大規模零售的採用？

Because the constant barrage of new TOSHI price all-time highs suggests otherwise. But, this could be the case. TOSHI price hikes could be the result of concentrated trading, with a relatively small group of influential holders often referred to as TOSHI whales.

因為新的Toshi價格的持續彈力一直是其他建議。但是，情況可能就是這樣。 Toshi價格上漲可能是集中交易的結果，一群相對較小的有影響力的持有人通常稱為Toshi鯨魚。

This trend is further supported by transaction data. Even though the total daily transaction volume and frequency have risen slightly, there has not been a significant increase in activity among existing users of retail. The increase in transaction amounts is most noticeable in instances where the sum is over $100,000.

交易數據進一步支持了這一趨勢。即使每日交易量和頻率略有上升，但現有零售用戶的活動並沒有顯著增加。在總和超過$ 100,000的情況下，交易金額的增加最為明顯。

This level of activity suggests that the big players in the market are the ones securing perceived profits and that there is not widespread participation in the market at this point in time.

這種活動水平表明，市場上的大型參與者是確保感知利潤的人，並且此時沒有廣泛參與市場。

The number of small-scale transactions is further underlining this situation. On Sunday, for instance, there were just 13 recorded transactions under $1,000, which is a clear sign that the retail trader just isn’t there right now.

小規模交易的數量進一步強調了這種情況。例如，在周日，只有13美元以下的1,000美元記錄的交易，這清楚地表明零售交易員目前還不存在。

If the average investor isn’t in this market, then the current price surge is even more suspect than it would be otherwise. After all, when prices increase without more stupid retail on the other side of the trade, is the price surge anything more than whale market-making?

如果普通投資者不在這個市場上，那麼當前的價格飆升甚至比其他情況更為令人懷疑。畢竟，當價格上漲而沒有更多愚蠢的零售業的另一端價格上漲時，價格上漲除了鯨魚營銷之外，價格上漲了什麼？

A Glimmer of Hope: Balanced Token Distribution

一線希望：平衡的令牌分佈

Even though there’s whale-driven activity that might not be good for TOSHI holders, there’s a bright side. Unlike many other memecoins and high-volatility tokens, TOSHI’s token distribution is relatively balanced.

即使有鯨魚驅動的活動可能對Toshi持有者不利，但仍然有一個光明的一面。與許多其他模因和高揮發性令牌不同，Toshi的代幣分佈相對平衡。

True, the whales control the majority of the supply, but at least the concentration of ownership isn’t as extreme as it is in some other speculative cryptoassets.

的確，鯨魚控制著大部分供應，但至少所有權的集中度並不像其他投機性加密貨物那樣極端。

This indicates that if retail traders start entering the Bitcoin market in larger numbers, a more organic price discovery process could be in Bitcoin’s future. With the potential for price discovery to take place, TOSHI could go from an asset largely acted upon by whales to one in which a much more dispersed set of participants plays their part in acting upon and within the asset.

這表明，如果零售交易者開始以更大的數量進入比特幣市場，那麼比特幣的未來可能會有一個更有機的價格發現過程。隨著價格發現的潛力，Toshi可能會從鯨魚主要採取的資產轉變為一組更加分散的參與者在該資產上和在資產中發揮作用。

What’s Next for TOSHI?

Toshi的下一步是什麼？

With TOSHI’s price having risen 600% in just one month, all eyes are on whether the token can maintain its newfound momentum or if whale-driven market activity will lead to sharp price corrections.

由於Toshi的價格在一個月內就達到了600％，所有人的目光都集中在代幣是否可以保持其新發現的勢頭，還是鯨魚驅動的市場活動是否會導致價格急劇校正。

Whether the token’s future trajectory leans more toward continued ascent or correction will be determined by several key factors:

令牌的未來軌跡是否更多地傾向於持續上升或校正，這將取決於幾個關鍵因素：

1. Retail Uptake – Should a larger number of small traders take part, TOSHI could experience a much more stable, much more organic growth model compared to the current variant.

1。零售吸收 - 如果有更多的小型交易者參與，與當前的變體相比，Toshi可能會經歷更穩定，更有機的增長模型。

2. Profit-Taking by Whales – If large holders begin to sell off their positions, a rapid price correction may ensue.

2.鯨魚的盈利 - 如果大持有人開始出售其頭寸，則可能會迅速更正。

3. On-Chain Activity – An ongoing upsurge in transaction volume from a variety of wallet addresses would suggest that the market is moving toward equilibrium.

3。鏈活動 - 各種錢包地址的交易量的持續增長表明，市場正朝著平衡方向發展。

At present, TOSHI is one of the most thrilling and unpredictable tokens in the marketplace, but investors should be careful. The token lacks a solid retail following, which means that any current upward price movement could just be a flash.

目前，Toshi是市場上最激動人心，最不可預測的令牌之一，但投資者應該小心。代幣缺乏穩固的零售追隨者，這意味著任何當前的上價移動都可能只是閃光。

Watch on-chain data closely to see if TOSHI can keep its recent upward momentum or if it’s on track to test support in a more bearish environment.

仔細觀察鏈上數據，以查看Toshi是否可以保持其最近的上升動量，或者是否可以在更為看跌的環境中測試支持。

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

披露：這不是交易或投資建議。在購買任何加密貨幣或投資任何項目之前，請務必進行研究。