Retardio ($RETARDIO) – the widely shilled meme that keeps going viral because of how it can be used in every sentence – is right at support! But is it time for a pump?
Recently listed on the huge exchange, WOOX, it could finally be time for this meme to reach a new all time high. With 13,000 holders, they certainly got a huge community behind them.
Bubblemaps: A cause for concern? Not according to the community!
(InsightX – Bubblemaps of Retardio)
A bubblemap is a graphic view of holder distribution, and a cluster is a connection of wallets that could be tied to the same holder. With the help of analytics platform InsightX, we can see that there’s a huge cluster of 19.25%. However there’s an explanation.
A community member explains how it is not a real 19% cluster.
That main cluster wallet J2Q…WeG is also the Retardio Cousins NFT mint wallet/treasury. So SOL was sent there to mint the NFT's hence the connection between all those wallets afaik. It's not a real 19% cluster.
Shit gets a bit messy when relying on purely bubble map data like…
— Frosty (@Stayfrosty100) August 14, 2024
Connected through the teams treasury wallet, community members were airdropped tokens for minting NFT. Hence it shows as a huge cluster due to this fact. Ignoring this cluster makes holder distribution looks very healthy, and with 13.000 holders they certainly have a huge community behind them.
EXPLORE: Next 1000x Crypto – 17 Coins That Could 1000x in 2024
Price Analysis: Retardio at support. New highs incoming?
While the all-time high is far away at 125%, it doesn’t take much for a token such as Retardio to move. It has been going through heavy distribution and accumulation ever since making highs, and has kept volume constant. Price is right at support as we speak making it a prime area to build a position.
After Retardio’s initial push up in March, it consolidated from February until July and went up 10.000%. It has now consolidated for a shorter period, but certainly looks ready for a new pump with increased interest in meme coins and huge volume keeping up still. Bitcoin and Solana also looks good despite crypto being in one of the worst months for crypto generally, so potentially this will spill over to meme coins shortly as well.
EXPLORE: How to Buy Ethereum as a Beginner
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
