Yesterday, there was an interesting phenomenon—after the Meme coin on the BSC chain broke through the big holder's cost line, it immediately fell back.

Specifically, this coin once surged to $0.153 in the morning, but now has retreated to $0.131, a 14.3% decrease from the high. The market cap is currently stable at $131 million.

On-chain data is even more revealing. The top 100 largest addresses have an average holding cost of $0.147. What about the top 10? Their average cost is even higher, reaching $0.168. In other words, these whales are currently underwater.

The most interesting is the address with the largest holdings (starting with 0xa9). This guy has been aggressively adding to his position in the $0.14 to $0.15 range, and in the past 24 hours, he has added another 1.33 million tokens. His current holdings are worth $3.4 million, ranking fourth. But his average cost is $0.24, and at the current price, his unrealized loss has already reached $1.51 million, with a floating loss ratio of 44%.

So the question is—is now a good time to buy the dip, or should we wait and see? It depends on how you interpret this wave of actions by the big players.