After a wave of commotion, there's a mess everywhere. When I cool down and think, what exactly is this $TST? It's just a test coin, right? Whether it has value is another story, but just looking at its explosive rise of over 40 times in just a few days, anyone with a bit of trading experience and common sense can guess that it can only be big players leveraging CZ's remarks to pump it up, and then they will likely dump it to harvest profits. This should be obvious as soon as you look up, right? So why are there still people chasing in at the peak the moment it goes live on Binance? The reason is clear; everyone is still betting on the possibility of another $Trump miracle, trying to ride this wave while thinking, 'This time I won’t be greedy, I’ll take some profit after a small rise, just a quick in and out, lick the blade of the knife and walk away.' But unexpectedly, the market makers are even less greedy than you, they come in and dump, completely crashing it without any rebound. Many people want to gamble on a rebound, continuously bottom fishing, but there’s no bottom at all. They keep buying the dip, sending USDT continuously to the market makers, and in the end, the test coin is left to themselves, achieving a turnover. But is this really good for the crypto space? A trading venue that increasingly resembles a casino finds it hard to attract more newcomers, and this is something that exchanges, project teams, and everyone really needs to reflect on.
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