So we all know how regular traders pumped up the gamestop prices to exponential prices. And major shorts were squeezed and a lot of hedge funds lost money in it.
I was thinking how about we all make up a community for crypto and maybe try such thing ? We all say that whales are manipulating the markets but we are not doing anything to tackle them.
Look at the prices they keeping it so tight right now that even stocks are more volatile than crypto. Why not eat the rich in crypto ?
It is possible to create similar scenarios in the cryptocurrency market, where a group of individuals collaborates to drive up the price of a particular cryptocurrency. In fact, there have been instances of so-called "pump and dump" schemes in the crypto space, where a group artificially inflates the price of a cryptocurrency, typically a low-cap or lesser-known coin, and then sells off their holdings at the inflated price, leaving other investors with significant losses.I was thinking how about we all make up a community for crypto and maybe try such thing ? We all say that whales are manipulating the markets but we are not doing anything to tackle them.
Look at the prices they keeping it so tight right now that even stocks are more volatile than crypto. Why not eat the rich in crypto ?
However, it's essential to understand that such activities can be illegal and are often considered market manipulation. Regulatory bodies in many countries have rules and regulations in place to prevent and punish market manipulation and fraud in both traditional financial markets and the cryptocurrency space