What is the mindset of those who mindlessly push ata? Let everyone else take the risk? Doing things that harm others without benefiting oneself! Can your conscience handle it? $ATA #GMT热度飙升
First, why can this coin rise so absurdly? Because the operator controls at least 90% of the coins in the market. They use a technique called wash trading to inflate the price. For example, with two accounts, assuming the current price is 1 yuan, if one account has 1 million coins, the operator buys 1 million coins from the other account for 1.2 million, the price rises to 1.2 yuan. The coins are still in the hands of the operator, and they only spent 200,000 to drive the price up. This is like inflating the price with air; if retail investors follow and buy, the operator's cost will be even lower.
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