A few days ago, when this coin had a market value of 2 million, I bought 1500U, and right after buying, there was a big bearish candle that wiped me out. Today, I saw it has surged nearly 8 times.
Looking at the on-chain data, all the top wallets are linked, and all the coins are owned by themselves. The project party controls about 99% of it. The lines can be drawn freely, and today it has risen so much, but only 50,000U has been added to the pool.
I am really curious how ALPHA can list such a zombie coin. They say it’s a meme coin; there probably isn't a single real user. I and some people in the group bought 10,000U, and only after we sold did it pump.
Since $Donkey surged from a market value of 1 million to 20 million, there have been quite a few small market cap coins that have pumped recently. I've set up positions in a few, each bought at about 0.5%, waiting for takeoff 🛫.
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