**Why $COW /USDT Just Pumped: The “Narrative Overflow” Effect**
$COW Protocol’s sudden pump from $0.183 to $0.194 isn’t random—it’s **narrative overflow**. Solana’s PerpetualCow.hl memecoin surged +18% yesterday, but retail couldn’t buy it due to low liquidity. What happened? They searched “COW” and found **the real one**: CoW Protocol—an Ethereum bluechip doing **$1.8B monthly volume** with **$15.1M user surplus**. Same name, real revenue, still 85% below ATH. The chart confirms: MA7 just crossed MA25, volume quietly doubled to 185K, and price reclaimed 0.194. This isn’t FOMO. It’s **value hunters front-running the hype**.
**Two catalysts nobody’s talking about.** First: **Supply squeeze**. Top 2 addresses hold 51%—not ideal for decentralization, but great for price. It took only $9.7K USDT volume to push price 4%. Second: **Korean whispers**. Upbit hasn’t listed yet, but COW order book depth is trending in Seoul discords. Smart money isn’t chasing memes—they’re buying the **real cow** before the herd arrives.
