Quote from: len01 on March 17, 2025, 03:53:06 PM

Quote from: Pandorak on March 17, 2025, 02:39:20 PM

I personally see most of the people who buy this token are people who are affected by FOMO, expecting to get big profits in a short time.

Exactly, and they take advantage of certain conditions to gain quick profits. What I see now is that muslims are in the month of ramadan and certain people believe that the meme token can increase rapidly. On the one hand, like the picture I included above, people are too inspired by CZ and associate the meme token and make the hype to all traders and there is a massive FOMO.

I honestly feel sorry for the retailers who decided to buy this token, they don't realize that they will only be liquidity out for the whales who bought early with large capital.

I admit it's smart that dev and the “Mubarak” token team managed to take advantage of the moment in the month of Ramadan and it turned out that this method managed to attract the attention of traders which resulted in a significant increase in price, but this will not last long, because the foundation of the sustainability of memecoin prices is hype, when the token loses its hype, the price will gradually fall like “TRUMP”.