A new script is being played out in the crypto space! After MicroStrategy successfully issued bonds to hoard BTC, altcoin project teams quickly replicated the "MicroStrategy model". But is this value investing? It's clearly a "three-way mutual harvesting" drama among project teams, large holders, and retail investors in the US stock market.
The big players started playing new tricks in May:
1. Acquire a US shell company on the verge of delisting
2. Official announcement of "strategic token holding" (like Sharplink holding ETH)
3. Stock price rocket launch (CEA surged 6 times in one day)
4. High-level issuance to harvest profits
5. Raise the coin price to unload
Result? Sharplink dropped from $80 to $20, CEA from $57 to $35. A typical "market value management" trick, where the last buyers are always retail investors.
Impact on the cryptocurrency market:
Short-term FOMO rally, but a quick crash!
People will start to become immune to the increased holdings of XX company's tokens
The SEC will not sit idly by and may conduct stricter investigations into these tokens linked to US companies.
The final result is likely to be a double kill of both coins and stocks!
The sweet nothings of the financial market often come with the most expensive price tag.
