Quote from: Hypnosis00 on April 02, 2021, 09:38:26 PM

Quote from: adzino on April 02, 2021, 08:59:30 PM

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.

This is the bounty that they have talking about https://bitcointalk.org/index.php?topic=5301910.msg55878595#msg55878595
And if we saw the price of the AME token in the market it looks promising than the others, maybe it just goes along with the hype but I couldn't call it a shitcoin for what it has done.

By taking it aside, most of the tokens just dump right after listed on the market, and that it happens ever since. And it becomes a habit now for the hunter to immediately sold their tokens once it has already open for trading which mostly a reason why the price goes down faster instead of helping it to stabilize and goes high.

You are right. It is usually a fear for most hunters to Hodl after distribution Because we have seen what can is happening most of the time after token/coins distribution, the price crashes almost immediately and some time in future recovers above the initial price and some time finds it difficult to reach that price again so hunters might want to take advantage of the early sales.