Toshi令牌（Toshi）已经看到了一个非常出色的30天价格，超过600％

Toshi代币已经看到了一个非常出色的30天价格动作（超过600％），在这个空间中，看起来和感觉非常像泵。

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代币已经看到了一个非常出色的30天价格动作（超过600％），在这个空间中，看起来和感觉非常像泵。

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?

当然，这种价格变动引起了人们的关注，现在猜测了零售商人和机构投资者。但是，这真的是我们应该购买并看好的东西吗？还是我们在这一系列的“最后机会”顶部中为我们避免在途中避免的“最后机会”上方的另一个？

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.

让我们看一下一些链上数据，以了解可能推动这种价格变动以及接下来的代币的何处。

TOSHI Price Action Ignites Speculation

Toshi价格动作点燃了猜测

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.

最近几周，新的Toshi地址的七天平均水平飙升，自5月初以来未见水平。这个新地址的上升表明，越来越多的人对代币产生了兴趣。

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，仔细观察7天的平均值表明，新的活动地址的数量实际上不到10。那么，这是什么意思？这是否意味着Toshi确实没有实现大规模零售的采用？

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.

因为新的Toshi价格的持续弹力一直是其他建议。但是，情况可能就是这样。 Toshi价格上涨可能是集中交易的结果，一群相对较小的有影响力的持有人通常称为Toshi鲸鱼。

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.

交易数据进一步支持了这一趋势。即使每日交易量和频率略有上升，但现有零售用户的活动并没有显着增加。在总和超过$ 100,000的情况下，交易金额的增加最为明显。

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.

这种活动水平表明，市场上的大型参与者是确保感知利润的人，并且此时没有广泛参与市场。

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.

小规模交易的数量进一步强调了这种情况。例如，在周日，只有13美元以下的1,000美元记录的交易，这清楚地表明零售交易员目前还不存在。

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?

如果普通投资者不在这个市场上，那么当前的价格飙升甚至比其他情况更为令人怀疑。毕竟，当价格上涨而没有更多愚蠢的零售业的另一端价格上涨时，价格上涨除了鲸鱼营销之外，价格上涨了什么？

A Glimmer of Hope: Balanced Token Distribution

一线希望：平衡的令牌分布

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.

即使有鲸鱼驱动的活动可能对Toshi持有者不利，但仍然有一个光明的一面。与许多其他模因和高挥发性令牌不同，Toshi的代币分布相对平衡。

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.

的确，鲸鱼控制着大部分供应，但至少所有权的集中度并不像其他投机性加密货物那样极端。

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.

这表明，如果零售交易者开始以更大的数量进入比特币市场，那么比特币的未来可能会有一个更有机的价格发现过程。随着价格发现的潜力，Toshi可能会从鲸鱼主要采取的资产转变为一组更加分散的参与者在该资产上和在资产中发挥作用。

What’s Next for TOSHI?

Toshi的下一步是什么？

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.

由于Toshi的价格在一个月内就达到了600％，所有人的目光都集中在代币是否可以保持其新发现的势头，还是鲸鱼驱动的市场活动是否会导致价格急剧校正。

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

令牌的未来轨迹是否更多地倾向于持续上升或校正，这将取决于几个关键因素：

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参与，与当前的变体相比，Toshi可能会经历更稳定，更有机的增长模型。

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

2.鲸鱼的盈利 - 如果大持有人开始出售其头寸，则可能会迅速更正。

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。链活动 - 各种钱包地址的交易量的持续增长表明，市场正朝着平衡方向发展。

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是市场上最激动人心，最不可预测的令牌之一，但投资者应该小心。代币缺乏稳固的零售追随者，这意味着任何当前的上价移动都可能只是闪光。

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.

仔细观察链上数据，以查看Toshi是否可以保持其最近的上升动量，或者是否可以在更为看跌的环境中测试支持。

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

披露：这不是交易或投资建议。在购买任何加密货币或投资任何项目之前，请务必进行研究。