Publier
Crypto Skull Signal
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Baissier#MANIPULATION MASTERCLASS: How people get rekt after receiving "free gibs" 🔍
Project airdrops $MMT tokens to eligible wallets but locks 90% of airdrop into veMMT until Nov 11.
Most recipients understand that this is a worthless token and price will probably go down before Nov 11 so they hedge by shorting perps on CEXs.
🔼 Then the classic manipulated pump happens. Price explodes 1,066% liquidating around $100M in shorts.
🔽 After the squeeze we get dump and price collapses roughly 84% back down within a day.
Lesson for traders. Free airdrops are not free if large portions are locked and insiders or whales can coordinate flow ❗️
$MMT
{future}(MMTUSDT)
#Educational #MMT
Project airdrops $MMT tokens to eligible wallets but locks 90% of airdrop into veMMT until Nov 11.
Most recipients understand that this is a worthless token and price will probably go down before Nov 11 so they hedge by shorting perps on CEXs.
🔼 Then the classic manipulated pump happens. Price explodes 1,066% liquidating around $100M in shorts.
🔽 After the squeeze we get dump and price collapses roughly 84% back down within a day.
Lesson for traders. Free airdrops are not free if large portions are locked and insiders or whales can coordinate flow ❗️
$MMT
{future}(MMTUSDT)
#Educational #MMT
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