There may be a few flippers, however by and large I think here in EGYF right now it is mostly the give and take between some discouraged selling holders and buying believers plus maybe a few buyers that have found it and like the basic tech. I base that on the combination of low volume, current shell risk label, low visibility still, lack of internet followers (even here on the hub) etc.
It would also not be unlikely that a few who bought higher are averaging down on the dips. The EGYF show/journey has not really taken off yet, IMO. I do still like the odds for some nice returns. That said, it is high risk for the high reward right now. Looking forward to seeing the risk side moving lower at some point.
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