$BOB

The "Attempt at Manipulation" and the Paper Giant

It seems we had an aspiring "whale" in the BOB market, but for our amusement, he turned out to be just another "goldfish" with shark ambitions! Someone, in their infinite financial wisdom, thought that an order of a mere $5,300.00 (300 billion tokens) would be the fatal blow to drop the price.

Well, well... With all due respect to our investor friend, but if the goal was to manipulate the market, that was an attempt that borders on the comical. In a universe where real players move billions with a blink of an eye, this "impact order" of $300 billion sounds more like a yawn at an art auction.

Did the person expect to see the chart plummet like a meteor? Or perhaps an instant "crash" that would make the headlines? The result, it seems, was merely a hiccup in the ocean. Unless the BOB token is traded in pennies and its total market value is the change from a coffee, this amount is, for a "manipulation", simply pathetic.

Next time, suggest to our "manipulator" that they come with some real heavy artillery. We are talking about tens of millions, hundreds of millions, or, if they really want to make a mess, a few billion! Otherwise, they will continue to be the subject of our inside jokes and the example of what not to do when trying to move a market, even a small one.

It’s good to see that not every "whale" is as big as they think. Let this be a lesson: to truly manipulate, the wallet must be fat, not just "chubby". And, of course, a little more discretion helps too. Laughing not to cry, right? Or better yet, laughing for the "manipulator" to cry!