The Downfall of Crypto: Telegram Mini Apps and TON Airdrops Impact
The surge of inexperienced newcomers through Telegram mini apps and TON airdrops is shaking the foundations of the crypto market. These entrants, oblivious to market fundamentals, flood discussions with messages like "$DOGS to the moon" and "$HMSTR to $45," creating a chaotic environment that harms the entire ecosystem.
Hereâs how this influx is affecting the market:
1. Liquidity Drain: Meme coins siphon liquidity away from legitimate projects, causing serious investors to hesitate. When the hype fades, these tokens leave the market dry.
2. Price Manipulation: New traders often engage in panic buying and selling, leading to extreme volatility. FOMO drives prices up, only for them to crash just as quickly, harming real projects in the process.
3. Pump-and-Dump Schemes: Inexperienced traders fall victim to manipulative tactics, buying into hype and dumping their assets at a loss, creating chaos across the market.
4. Panic Spread: A sudden sell-off of a worthless coin can trigger a wave of fear, leading investors to pull out of legitimate projects and further driving down prices.
Crypto should be a realm of innovation, growth, and real valueânot a playground for get-rich-quick schemes. Itâs time to demand accountability from exchanges. They need to reconsider listing these Telegram-based tokens to preserve market integrity. If we continue to let this chaos reign, we risk further volatility and a dilution of the serious work being done in the crypto space.
Letâs stand together for a healthier market.
#WeAreAllSatoshi #BinanceTurns7 #btc70k #Liquidation #write2earn $BTC
