The "pseudo-institution" game of altcoins: A grand harvesting feast!
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.
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