it comes down to psychology and holder distribution for me, mostly everyone in crypto knows nubcat, and it has a strong presence on “normie social media” as well but many traders don’t want to touch it because there has been no clear uptrend in a long time — up to now, nubcat’s holder distribution has been burdened by whale suppression once those sellers are flushed out, price can move more freely — i believe the relative strength of $NUB during the flush we saw yesterday is evidence that said whales are finished or nearly finished selling in other words, i think $NUB has been in a long process of curating holder distribution alongside growing notoriety i believe that once nubcat’s holder distribution allows nubcat to move up in a bullish market, the price action alone will help generate interest in nubcat due to the fact that everyone knows nubcat, i believe that this would create a snowball effect that could propel price upward very quickly, in the right environment i do believe we are very close to that environment, as long as the bull continues i see a lot of parallels with $PEPE (in regards to chart), however on a smaller scale (pepe is more known than nubcat, worldwide) there was no particular catalyst that caused pepe to start moving in february of 2024 — it came down to pepe’s holder distribution reaching a point that allowed it to move up in what was a very bullish macro environment due to pepe’s notoriety, this obviously created a lot of interest & FOMO, which continuously snowballed upward price action i think we’ll see a similar story play out with $NUB — any other sort of catalyst that may come would be bonus

Creds @miragemunny