Brothers, yesterday \(ALLO really trapped a lot of people — it plunged shortly after opening, trapping a large number of people, and many in the group asked 'Can we still break even?' 'If I had known, I wouldn't have rushed in.' In fact, whether a new coin can rise is not simply based on how much the KOLs hype it up, but on solid logic. Today, I will clarify the reasons for being trapped by \)ALLO, the pitfalls of new coin speculation, and how friends who are trapped can break even all at once, so you won't be a victim in the future!
First, you need to understand a core point: whether a new coin will rise is directly linked to the project's team's 'capability' and 'willingness', both of which are essential. The premise of 'capability' is whether the project team has enough chips in hand — the more concentrated the chips, the easier it is to pump; conversely, if the chips are scattered among retail investors, it will be impossible to pump.
Just like the \(JCT from a few days ago, don't underestimate it just because it's an unknown 'three no project', but it only has 1% external chips, and the rest 99% are in the project party's hands. In this case, the project party can drive the price up without much consideration for selling pressure; just throw some money in and the price can be pushed up. But \)ALLO is different, it has 7.5% external chips, and the market cap directly hit over 1 billion at the opening; there are too many coins in the hands of retail investors, if the project party wants to push it, retail investors will sell off, it can't hold, it's a thankless task, and no one wants to take this losing business. So the price drop of $ALLO at opening had long been a sign, closely related to the distribution of chips.
Let me tell you a harsh truth: New coins that are heavily promoted by a bunch of KOLs before the market, 90% are just for offloading. Don't believe that 'the project party promotes because they are optimistic'. Think about it, driving the price up is the best marketing—once the price rises, retail investors will rush in without KOLs saying a word, and it can attract more attention; if the project party really intends to drive the price, there's no need to spend a lot of money hiring KOLs to promote, it’s more cost-effective to use the money to drive the price directly.
Before the opening of $ALLO, many KOLs were promoting it, saying things like 'great potential' and 'must rise', but what happened? It trapped people at the opening. In fact, this logic is very simple: the project party knows they don't have enough chips to drive the price, so they want to rely on KOLs to attract retail investors to take over, while they take the opportunity to sell their coins. In the future, if you see a bunch of KOLs hyping a new coin before the opening, you must be cautious and not rush in; it's likely a韭菜 cutting scheme.
Lastly, let's talk about what trapped friends are most concerned about: What to do if you can't sell \(ALLO on Alpha? Don't panic, it's not a platform issue, it's that \)ALLO has already gone to the spot market, and Alpha's order book has long been closed; you need to switch to the spot market to sell. The specific steps are also simple: open Binance, find the trading pair for $ALLO, switch to 'spot trading', and you can place an order to sell. Although the price may not be ideal now, at least you can cash out, which is better than being stuck with it.
In fact, the speculation on new coins is very deep; don't just rely on KOLs' hype or the excitement at the opening; you need to analyze yourself: is the project party's chips concentrated? Is there frenzied marketing before the opening? These are key to judging whether it’s a韭菜 cutting scheme. For coins like $ALLO with dispersed chips and looking for KOLs to attract customers, the risk is extremely high. In the future, when encountering similar situations, you must control your hands and not follow the crowd to give away money.
Did you get trapped by $ALLO this time? Have you encountered other new coin韭菜 cutting tricks? Let's discuss in the comments and help each other avoid pitfalls! If you come across uncertain new coins in the future, you can also ask here, don’t rush blindly!
$ALLO has trapped countless people! Whether the new coin can rise depends on these 2 points. Looking for KOLs before the market is basically about cutting韭菜, the way to解套 is here.
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