Every time you see a small coin suddenly surge by 10x, many people's first reaction is that a big shot has thrown hundreds of millions into manipulating the market. Today, let's use actual data to speak and analyze an order book of AR to get a clear picture of what's really going on. It might challenge some of your preconceived notions about the crypto market, so get ready.

First, a quick primer for beginners. The order book you see on trading platforms—the green area on the right—is called the buy orders or bid orders, representing how many people are waiting to buy at each price level. This directly determines how much capital is needed to push the price upward. The logic is simple: if you buy all the buy orders within a certain price range on the right, the price will naturally be pushed to the top of that range. This is the core mechanism of price movement driven by capital. If you understand this, give a point 1, and if you have questions, keep reading—there will be a plain-language breakdown later.

Now, focusing on AR. I specifically pulled a current order book snapshot, focusing on the critical range from $4 to $35. Why choose this range? Because AR's current price is around $4, and to achieve a 10x increase to $40, breaking through $35 would essentially open up the upside, with selling pressure decreasing significantly afterward.

I counted the total buy orders within this range several times, and the result is 200,000—yes, 200k. This number looks substantial, but hold on, we need to continue the calculation.

Next comes the most critical step. The price fluctuates between $4 and $35; let's take a reasonable midpoint at $15 for calculation purposes—hope everyone agrees. How much capital would it take to buy all these 200,000 orders? (250 USD) × (200,000) = 50 million USD.

50 million USD. It sounds like a huge number, but in the context of the global crypto market, it's not as terrifying as it seems. A medium-sized institutional investor or a few strong on-chain whales working together could easily do this. That’s why a 10x surge in the crypto market isn’t a rare event. You don’t need some mysterious big shot; the capital threshold isn’t that high.