In the crypto world, a day is like a year — today FUN completed half a year's market movement in 5 minutes! Everyone, I'm Anna. Just now, I was staring at the market and almost sprayed my coffee on the screen, FUN/USDT, this usually low-volume 'transparent' coin, suddenly staged a 'Sudden Spike' type surge, from 0.0073 straight to 0.0143, a rise of 623%! But in the blink of an eye, it smashed out a 'Gravestone Doji', this script is more thrilling than (Squid Game)!
The truth behind violent pumps
Technical Analysis: Classic 'Door Drawing' Technique by the Major Player
In the morning, there was a secret accumulation of positions, with the price sticking to the lower Bollinger Band at 0.0073 for 3 hours. The MACD's DIF line quietly golden crossed below the zero axis, a typical precursor to a 'Dead Cat Bounce'.
Suddenly at 12:04, a 5-minute big bullish candle directly broke through the Fibonacci 50% resistance level at 0.0087, and the trading volume surged by 10 times! But a discerning eye could see there was a problem — after the 'Golden Cross' above zero, the MACD red bars actually decreased in volume, this is textbook 'Pump and Dump'!
News: Dog Trader's 'Smoke Bomb'
After checking the on-chain data, it was found that at 11:30 today,Ultra platform officially announced cooperation with FUN.The news came half an hour before the pump!, but looking closely at the terms:'FUN is only used as an alternative payment token'— this is equivalent to telling you 'McDonald's supports Bitcoin payment', but how many actually use it? What's even more surprising is,A certain exchange launched the FUN perpetual contract 5 minutes in advance, clearly paving the way for the dog trader to harvest the leeks!
Anna's Exclusive Viewpoint: Why do I say this is a 'Pig Slaughter Plate'?
Old fans know I'm always stubborn, today I directly stamped: 'This wave of FUN is a joint manipulation!' Case comparison shows:
The same sector's GALA rose 7% today, but they had a genuine user growth of 30% in chain games;
However, FUN's on-chain address count actually decreased by 12% (data from Santiment), purely a trading exchange wash trading pump!
Do you remember the 'SQUID Coin Zeroing Incident' in 2023? It also first pumped 2000% and then instantly crashed. Today's FUN's order book revealed it — a sell order of 2000 BTC suddenly stacked at 0.0143 (see image 4), this is not something retail investors can do.
Subsequent Strategy: Lick Blood on the Blade or Safely Exit?
The current price is stuck at the support level of 0.012, but be careful:
If it falls below 0.0116, there's a high probability of a 'Panic Selling' event;
If it can stabilize at 0.013, there may be a chance for a 'Second Peak'.
'Hook Time': Share your operations in the comments!
For those already on board, are you preparing to 'scale up to 1 dollar' or 'run faster than the Hong Kong reporters'?
For those who haven't acted yet, do you dare to 'set up a short position' with me?
'Remember Anna's words: In a bull market, the more flamboyant the coin, the easier it is to empty your wallet!'