First, the conclusion: either don't touch it, or (if you are a gambler) get in and out quickly, never discuss beliefs.
The 'wealth gap' in on-chain data
Concentration of holding addresses:
Check the blockchain explorer (like Etherscan or Solscan).
If the top 10 holding addresses (excluding exchange cold wallets and black hole addresses) hold more than 70%-80% of the circulating volume, that indicates absolute high control.
The dealer has absolute power over life and death, while the chips in the hands of retail investors are negligible.
Signs of insider trading:
Using tools (like BubbleMaps) to view, you'll find that there are intricate transfer relationships between many wallets. For example, a central wallet distributes tokens to hundreds of new wallets, creating the illusion of a 'large number of holders.'
2. The 'drawing' traces of K-line trends.
The K-line chart of strong big player coins is often filled with traces of 'artificial carving', inconsistent with the randomness of natural markets.
Ignoring the overall market (independent market):
Bitcoin (BTC) has plummeted, yet it rises instead (to attract attention, misleading retail investors into thinking it is 'strong').
Bitcoin rises sharply, yet it remains flat or even declines (the big player is cashing out).
'Gate' shape or 'weaving machine' trend:
Weaving machine: The intraday chart is full of dense up and down shadow lines, and the price fluctuates mechanically like an ECG. This is due to the lack of real liquidity, relying entirely on robots to place orders.
Drawing the door: The price suddenly rises by 50%, consolidates for several hours, then abruptly drops back to the starting point. This is to blow up contracts (both long and short are killed).
Extremely long up and down shadow lines (spikes):
There are often sudden and unreasonable spikes or drops (spikes), with amplitudes reaching 20%-50%, and then quickly retracting. This is the big player targeting the stop-loss positions of contract users.
3. Anomalies in trading data
Divergence between trading volume and market capitalization:
Clearly, the market capitalization is very small, but the daily trading volume is surprisingly large (even exceeding the market capitalization). This is 99% wash trading, aimed at getting on the exchange's gain list, and the market depth is extremely poor (large spreads):
The buy price is 1.00, but the sell price is 1.05. The orders in between are sparse.
This means that apart from the big players, there are basically no real retail investors placing orders. You will instantly lose several points (slippage is very large) when you buy.
Long-term abnormal funding rates:
In the futures market, if a coin maintains a very high negative funding rate (e.g., -2.0%) for a long time, it indicates that many people are shorting, yet the price cannot go down. This is usually the big player controlling the market, forcing shorts to buy back to push the coin price up.
4. 'Low circulation, high FDV' model (typical feature of VC coins)
Circulation rate is extremely low: For example, only 5%-10% of the tokens are circulating in the market.
FDV (Fully Diluted Valuation) is extremely high: Even if the current circulating market value is only 100 million dollars, taking into account the locked coins, the total market value could reach as high as 10 billion dollars.
Consequences: The big player only needs a small amount of money to stimulate that 5% of the circulating supply, creating the illusion of a surge, and then gradually selling the goods to retail investors with each month's 'token unlock'.
5. 'Synchronous resonance' of social media
Intensive order calls at specific times:
Usually unnoticed, suddenly on a certain day, dozens of big Twitter accounts and hundreds of Telegram groups start discussing this coin simultaneously, and the rhetoric is very similar.
This means the big player has spent money to start the 'promotion machine', usually indicating that the rally has reached the mid to late stage, preparing to find someone to take over.
Special circumstances: Some schemes will also create loss orders to attract everyone, guiding them to think, 'If he has endured for so long, I surely won't have any problems' (for example, the mysterious small K-line shorting PIPIN is never closed because he has hedged and taken money from the project party).
Summary:
If you see a coin:
The market falls while it surges;
K-line is full of long up and down shadow lines;
The top holders account for a very high proportion;
Not only is there spot trading, but also contract trading (convenient for big players to harvest in both directions).
Then, this is a standard highly controlled 'pig-killing plate'.
It is obvious: Pipin completely conforms to the characteristics, with the left foot stepping on the right foot rising, which may contradict common sense. The big player does not need any cost to pump or dump, just imagine you sell a 10-dollar apple for 100 dollars to your right hand, and then your right hand sells that apple back for 1000 dollars, you basically incur no loss.
The only major cost is calling orders, promotions, and putting on a show.
Transaction fees are really negligible.
#Pippin #PIPPINSqueeze $PIPPIN
