The recent surge of these well-established Meme coins is likely a precise strike by the market makers targeting FOMO sentiment.
Projects like PNUT and 1000CAT have long been forgotten by the market, and the sudden price pump has no ecological progress or fundamental support, typical of the 'pump and dump' scheme where the news drives the price.
Historical data shows that such surges are often accompanied by whales positioning themselves in advance, selling off through OTC after driving the price up, and attracting retail investors with social media hype.
What’s more dangerous is that these coins have very low liquidity; a sell order of just $50,000 can drop the price by 20%, and after a surge, they often halve within 72 hours.
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