Post
Topic
Board Altcoin Discussion
Re: Dump just after a new listing?
by
adzino
on 02/04/2021, 20:59:30 UTC
Never heard of this coin. Probably some shit coins. The first dump was probably due to the fact that the bounty hunters and those who received the coins were dumping everything for bitcoin or other well known altcoin. And then maybe the market was getting manipulated (by the developers?) and pumped. Once people started to see the price rise (and according to you people were expecting the price to increase more since they will be listed in another exchange) so they started to buy and cause the price to go even higher. Once they listed themselves in another exchange, the developers probably dumped all the tokens they had. You see the marketcap and the trade volume of that coin is so low that it is quite easy to manipulate the price of the coin.