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Beware of some overheated delisting speculation
At 11 o'clock today, Binance will delist the four tokens previously announced.
Currently, vib has dropped to a market cap of 1 million, and wing has dropped to a market cap of 2 million.
Zeroing out remains the main theme of delisted coins.
However, this wave of alpaca has led many people to mistakenly believe that delisting will cause a price surge. Is it really the case? Why did alpaca surge? He Yi mentioned that the shell buyer wants to recoup some of the investment and needs to control the contract to earn money.
However, now, many people have chosen to buy or go long on delisted coins, and the market makers have no need to spend their own money to manage the market, as they can easily liquidate tens of millions in market cap. Currently, there are no counterparties to earn funding fees.
Some delisted coins have only a few million in market cap left, such as BSW, FLM, and VOXEL, which are now speculated to a market cap of 25 million. Market makers can simply sell their holdings to retail investors.
How much room do you think there is for a delisted coin with tens of millions? What do you think is the probability of these coins falling further?
Don’t miss the first wave of profits and then get cut in the second wave.
Wait for your own opportunity.