#ARKB
ARKM Short-term breakthrough of 0.7 USDT, over 30% increase in 24 hours
Why the sudden surge
First, the price is aggressively pushed up on Bitget, this "small casino" (like suddenly doubling the price of cabbage in a market) and screenshots are sent to WeChat groups to fool retail investors: "Surge of 32% come quickly!" After inexperienced investors buy at high prices on other platforms, they are then shorted and the price is driven down
It's just a fake increase, only performed on Bitget (big exchanges have not followed suit)
Fake trading volume, 80% of the trading volume on Bitget comes from 3 bot accounts
A real trap, the manipulators raise the price while simultaneously shorting, ensuring a profit
Cost of manipulation, about 150,000 USD (manipulating 2.3 million ARKM)
Potential earnings, if the baiting is successful, could harvest over 3 million USD
Legal risks, starting fines from the US SEC are 20 million USD, hence only operating on minor exchanges)
This is a dedicated trap for greedy individuals, - retail investors only trade on the three major exchanges, any coins with too large a price difference are directly blacklisted!