This price movement is a disgrace.
It shows just how manipulated we are.
There is a very simple reason for the BNB rise and fall in the last week, compare it to other high cap projects, notice any difference?
Yes US economic factors dropped prices of crypto but this rise and fall is also more calculated.
The VC’s are becoming more greedy!
Most newly launched projects on Binance in the last year have crashed in price on launch or shortly after, why? huge sell pressure hitting the market from farmed launchpool rewards.
Not so fast say the VC’s !
Now the VCs who backed the project are not only profiting off buying into the project for 2-5% of what retail can, they are now manipulating the system.
How?
They invest 10s of Millions across hundreds of Binance accounts(there is a single account hourly farming limit) to stake BNB so they can claim a large % of the launchpool rewards.
They dont so much care about the amount farmed, it is more about the illusion on launch, less sell pressure and more stability =more retail fomo buying=higher prices.
They hold farmed tokens and dump on you later.
It is important to note,
VC backed projects usually have a vesting period(a time they cant sell some or all of their tokens), So now they need to find new and inovative ways to fleece retail investors every step of the way, what better way than to have some control of the price action on launch?
Please dont make the mistake of buying into these projects on launch, they are totally anti retail and 100% made for already rich VC investors to profit off Crypto in every way they can.
This is not about any particular project, they could be amazing projects, it is about the amount of money VC investors are making off us over and over again.
This is also why I said before and I will say again, please don’t have your financial wellbeing locked into centralised staking,10-15% of your portfolio max.
*Everything stated above is just my opinion, solely based on research I do into crypto*
Be Smart
Peace
