A few days ago, I discussed with a friend why, after so many years in the cryptocurrency space, there hasn't been a fund like Mud Water that combines FUD and short selling. Such a fund would also have a positive impact on the industry.

Later, I thought that it seems there isn't much of a fundamental basis for FUD when it comes to altcoins. The issuance of altcoins itself is a model of data manipulation, attracting attention, and relying on exchanges. Everyone has become accustomed to this, and most of the chips are held by the project parties themselves or related interests, leaving retail investors with little to no chips that can be affected by FUD.

The factors that determine whether a new coin rises or falls after being listed are simply:

1. How many coins were given to the exchange

2. How many coins do market makers and various advisors and agencies have to sell

3. Whether the project party is willing to sell

4. Those who can drive up the price are mostly investors whose coins have not yet started to unlock; the chips can be controlled, and the project party decides to spend money to pump the price or collaborates with liquid funds to pump it together.

So those who short are quietly making money; the step of FUD is unnecessary and will only weigh down the short sellers, providing fuel for the opposing side to pump the price.