💦💦Attention, Analysis Company Warns: “Be Careful When Trading This Altcoin, Hunter Whale Is Looking For Victim” 💦💦

Be careful! Is There Whale Manipulation in BEER?

Cryptocurrency analysis platform Lookonchain has urged investors to be wary of whale manipulation in memecoin BEER. Analysts announced that they found evidence that a large investor (“whale”) was making profits by manipulating the price of BEER.

How is manipulation done?

Large Sales: Balina primarily sells large amounts of BEER. These sales cause the price to fall. Panic and Selling: When the price falls, individual investors panic and start selling their BEERs. This causes the price to drop further. Buying at the Dip: The whale starts buying again when the price reaches the bottom. FOMO and Buying: When the price rises, individual investors start buying BEER again due to "fear of missing out" (FOMO). Selling Before Rising: Whale makes a profit by selling large amounts again after the price rises.

As a result of the reviews made by Lookonchain analysts:

It was determined that the whale made a profit through individual investors by buying low and selling high in this way. BEER price is trading at $ 0.0003071 with a 22% decrease in the last 24 hours.

About BEER:

It has a market cap of $171 million. It is listed on relatively mid-sized exchanges such as Gate.io, HTX and Kucoin. It belongs to the Solana-based memecoin trend.

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