$TGT $H
Just shocked. It's not a market, it's a casino.
Institutions are simply destroying retail.
Some see a bit of green on the chart and start shorting, which provokes the market maker to buy, wipe out leverage, and then dump spot coins back on them.
Others are just draining liquidity. I don’t know, haven’t looked at the team wallets. But in the tokenomics I saw, around 40% is allocated to all sorts of gimmicks.
Damn, just launch staking already. Start incentivizing people to hold and buy your token. But no — you give it away for buying NFTs or through in-game lotteries. Create some sort of inflation mechanism.
Deposit wipeouts. The kind of projects coming out now make you want to jump out the window.
Or rather — exit crypto altogether.*