Hey guys, I'd first like to start of by saying that I hold a substantial amount of COSS, so take that into consideration when you're reading this post!
Evidence 1: FUD
There has been a lot of FUD recently on the COSS Reddit, like what seems like organised FUD, you can read more about it here
This suggests people are trying to make the price fall, why else would you waste time and effort about a coin you have no interested in?
Evidence 2: Big Buy Walls
There has been quite large buy and sell orders to manipulate the market due to the trading promo, but this time some of the buy orders are changing, getting smaller as sell orders execute which suggests real buyers are trying to buy in and FOMO is setting in. However, people understand trading promos (almost) always bring prices down after the initial surge so for the majority, they're leaving their buy orders up rather than filling sell orders.
This means we need 0.4% of Kucoin's total supply to be sold to move down 1.5%, whereas for something like Kucoin only needs 0.08% of market cap to be sold to move down 17%, hope this puts COSS into perspective!
Evidence 3: Big News Coming Soon (Fiat and UI update)
Massive news is coming for COSS as the new KYC is coming out with the new UI which will allow bank wiring and credit card purchasing/selling of crypto from fiat! Although their fiat is delayed, they announced they'd be launching credit card + wire transfers simultaneously, thus delaying one aspect but speeding up another.
This massive news will make it incredibly easy for pump and dump groups to hype up this coin, especially because it's less than 8% of its all time high, people will be very willing to buy in.
Trading promo update
Since my last big win from day trading of about 4000 COSS, I've earned another 150 COSS, bring my total COSS earned during this promotion to just under 8000. I'm currently rank 51 with just over 1.3 million volume and hoping to stay within rank 60 before the promo ends!