On a Down Day we look to Follower Counts

Introduction to Solcial

Solcial is a web3 social media platform that mints a unique spl-token on Solana for each user account. That token is then placed in an LP (liquidity pool) paired with the platform's native token $SLCL.
Users can trade and airdrop these tokens however they like. It's a very new market at present, very little volume, but it's possible the first time we've seen a social media platform quantify value this way.
If you're interested in checking it out there's a referral link at the end of this post.

What happened in the Solcial Markets today?

It's been a down down day in Solcial markets in the past 24hrs. No positive gains.




What do we do on down days? We buy the dip of course!

Today let's look at something that isn't down: Follower Count.




Some big moves here. Let's analyse.

@dw is a small account, only a couple of posts so far, but it's big change. No holders (other than the account itself) and no Tier 2.

@nowai very small account, no posts, but it's Verified account and brand new, no holders (other than the account itself) and no Tier 2.

@dynast smaller account, lot's of posts, but no holders (other than the account itself). Has recently become active again. No Tier 2

@tolexy89 similar to @dynast in that account has become active again. No holders (other than the account itself) and no Tier 2.

@ubikcapital showing good volume again, not a big follower account but it keeps growing and the account is active. Only 2 holders (other than the account itself) and no Tier 2.


Without a Tier 2 it's harder to see explicit demand driven for the user token. However once a Tier 2 is launched there will be more demand.
If a profile is posting a lot, and seeing follower counts respond then it's likely they might consider launching a Tier 2. Or they could do other token base promos.

I'll be allocating my staking rewards accordingly.

Good luck out there degens 😄

Now it's your turn

What are YOUR hot takes?

It's not just charts, it's mostly the profiles driving those charts.
Are there some hidden Solcial gems you want to shout out?
What about some alpha for upcoming content?

Hit the comments and let us know 🤩

Disclaimer

I am just looking at charts and making up narratives. What I see isn't FACT it's just my interpretation. You have access to the same charts: DYOR (it's fun!) ⏬

https://solcial.io/leaderboard
https://solcial.io/explore