The market looks calm, but on-chain data has been screaming for a while.

While most people are still debating whether to buy the dip, some hidden large funds have quietly positioned themselves in three small coins with a market cap of less than a billion. These are not predictions; they are tangible on-chain footprints.

**First, let's look at the DEX track on Base.**

The Avantis project has a market cap of only $89 million. During December, there was a single large purchase of 11 million tokens. The exchange reserves dropped by 4.9%—it's important to understand what this magnitude means for small tokens. Liquidity is being systematically drained, retail investors haven't reacted yet, and the chips have already been locked in.

**Next, the ZKP field.**

Succinct, a low-profile player, has a market cap of $75 million. Recently, its holdings suddenly surged by 5.34%. Such concentration changes are not something retail investors can manipulate. The zero-knowledge proof track is becoming a key part of the next-generation infrastructure, and some are already laying out plans in advance.

**The most dramatic is the wave of Plume Network.**

In the RWA track, a direction that was originally overlooked, there was a massive buy-in of nearly 70 billion tokens, causing the price to rebound 35% from the bottom. The project’s CEO even publicly stated that the RWA market will explode in 2026. This is not a guess—it's a clear message through action about where the bottom is.

Bear markets and bull markets are essentially two phases of making money and losing money. True investors never wait for the market to bloom on its own; they are already quietly strategizing in the most desperate times. Data speaks, and only your hesitation can deceive you.