We always see the price rise for a short period after the listing in the exchanges or after IEO, but soon price be come down,
this may due to two reasons:
The first reason is that the coin or token has no real value.
The second reason is the large sale of those who got his coin free such as airdrop.
Isn't that true?
The second reason is quite ridiculous, because they are always allocated the latest and they only follow what the investors have done. if it was a good token then the investors would not have sold it so, the bounty hunters only followed them. Therefore, the first reason is the main reason, speculators here understand that alts that are strongly fomo just want to manipulate the price of their tokens. This is very familiar in the crypto market and we should accept it, it's different from the stock market here. this may due to two reasons:
The first reason is that the coin or token has no real value.
The second reason is the large sale of those who got his coin free such as airdrop.
Isn't that true?
