$KOGE 10 hours ago, the price was pinned down. I will provide a simple explanation. First, it is not the case, as some people believe, that the project has withdrawn all its liquidity pools. It is very simple to check the pool addresses. I won't say much more.

Secondly, when regular people look at the 15-minute chart, they might think that the price was dumped and then recovered within those 15 minutes. However, if you look at the 1-second chart, you will find that the dump and recovery happen within two adjacent candlesticks, meaning the price recovered in just 2 seconds.

What does this indicate? It shows that this is not a one-off dump and recovery process (otherwise, even bots would need some reaction time), but rather similar to the last price spike to over 5 million dollars, just a small transaction that was statistically included by alpha.

The candlesticks of decentralized exchanges are fundamentally different from those of centralized exchanges. When a centralized exchange dips to a certain price and executes trades, it can be assumed that all buy orders at that price have been dumped. However, this is not the case on-chain.