This coin is very volatile; it shot up to 0.7 and then dropped to 0.18, only to rise 10 times. At that time, it wasn't listed on Binance.

I took a look at the fundamentals, which were quite average, nothing impressive, yet a group of people went short, thinking that new coins would just drop. Well, the whales went wild, as if they had swallowed explosives, driving the price up. The contract fees were -2, collected once an hour; this situation lasted for a day or two, and just by collecting fees, they could wipe you out!

These whales pull up the spot market to cash out at high points while killing the shorts with contracts, achieving two goals at once: the goods are sold, and profits are made on the contracts. This kind of manipulation will be an important method for whales to offload in the future; it's better than directly pushing the price up and distributing it. Distribution can be noticed; when prices rise several times, there are people chasing it, and there are also fearless ones willing to short it.

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