What happened behind the MEMEFI collapse in minutes!
The $MEMEFI coin saw a sharp decline of -59% in less than 10 minutes today, causing thousands of traders to be liquidated. So, what happened?
⚠️ Here are the key points:
• Liquidity Sweep: The price was temporarily raised to attract Long trades, then a large Dump was executed.
• Liquidation of traders: Open Long positions were directly targeted.
• Team sell-off: Reports indicate the sale of large amounts of the coin by accounts linked to the project.
• Misleading promotion: Some influencers strongly promoted the coin and then disappeared after the collapse.
• Dominance of big whales: 10 wallets held 58% of the supply, and the result was expected!
• Lack of transparency: No official response yet from the coin team despite the disaster.
📉 The lesson:
Do not enter any coin just because it is a “trend” or because an influencer talked about it.
Examine the token distribution, project goals, liquidity, and team background before any investment.