Today, I will dissect the manipulative operations of the $FUN coin on June 23. The wild fluctuations are all part of the operator's strategy to harvest retail investors. Experienced players in the crypto space understand that this kind of “painting the door” movement is a typical precursor to a slaughtering scheme; beginners must keep their eyes wide open!

1. Violent Pump: The classic “inducing buying” script of the operators

(1) Early Session Accumulation: Stealthy Ambush

From June 22 at 00:00 to June 23 at 6:00, the FUN price lingered near the BOLL lower band of 0.0073 for nearly 30 hours. The MACD quietly golden crossed below the zero line, and those who understand the technology know this is a precursor to a “dead cat bounce”, with the operator secretly accumulating! The trading volume was sluggish, and retail investors wouldn't notice this small player at all. As a result, at 12:04, a large bullish candle in 5 minutes broke through the Fibonacci 50% resistance level of 0.0087, and trading volume surged by 10 times! But any discerning person could see the problem — the MACD “golden cross above zero” followed by a shrinking red column is textbook “inducing buying”! Who would reduce volume during a breakout? Because it simply isn't real buying; it's just the operator transferring funds from one hand to the other!

(2) Positive News Collaboration: “Fake News” Assistance

What's even more outrageous is that the Ultra platform officially announced a “cooperation” with FUN, but upon closer inspection of the terms: “FUN is only an optional payment token”, which is like saying “McDonald's supports Bitcoin payments”, but in reality, no one is using it! Moreover, there was an exchange that launched FUN perpetual contracts 5 minutes early, clearly paving the way for the operator to harvest retail investors! In contrast, the GALA in the same sector rose by 7% due to a real 30% increase in blockchain game users, while FUN is merely riding the hype + cooperating with the exchange for speculation.

2. Waterfall Dump: The Harvesting Moment Has Arrived

After reaching a high point of 0.0143, a sell order of 2000 BTC suddenly piled up. This doesn't look like something retail investors would do! Instantly, there was a waterfall decline, bringing the price back to its original state! Looking at the on-chain data is even scarier: during the pump, the number of on-chain addresses decreased by 12% (data from Santiment), indicating there were no real users entering the market, just the exchange manipulating the price! This trend is identical to those previous “2000% pumps followed by dumps”, with the operator transferring funds from one hand to the other, deceiving retail investors into buying!

The current price is hovering at 0.01, with a main support level at 0.0093. However, if it breaks below 0.0091, a panic sell-off is inevitable; even if it stabilizes at 0.0093, it is still the operator's “second peak” inducing buying, so stop fantasizing about a reversal! Remember: this small cryptocurrency has a low circulating supply, with the top 100 addresses controlling 85%. The operator's actions depend on their mood, and retail investors are just feeding the market!

4. Survival Rules in the Crypto Space: Stay away from “garbage coins”

It's not that you can't trade, but with these “garbage coins” that lack fundamentals and rely purely on operator manipulation, one wrong move could lead to total loss! If you really want to follow trends, focus on BTC, ETH, or coins with real ecosystems (like the AVAX ecosystem). Remember: the core of operators harvesting is utilizing information asymmetry and human greed; what you think is an opportunity is actually their slaughtering scheme!

Reminder: Learn to avoid pitfalls before trading cryptocurrencies. Such small coins with drastic price fluctuations are only worth watching for the excitement; if you rush in, you might lose everything!#fun #币圈投资策略