$BEL

Urgent UPDATE for BEL

BELL token has been manipulated before and ever since Bella Protocol announced their integration with MANTA and the launch of their liquidity farming protocol that promises an immense 700+% APY.

Essentially, whales are staking heavy amounts to earn BEL token as rewards, then they're shorting BEL heavily in futures market to hedge their position and then selling the earned tokens in spot market once it's due for withdrawal.

This kind of manipulative behaviour has caused immense losses for small traders. Some people may never recover from such losses.

Binance is doing it's best to discourage this kind of behaviour by punishing the short sellers with a very high negative funding rate. But this is not enough. The funding rate ought to be at a minimum of -2% every 4 hours now so the whales shorting to cause losses for others can be discouraged from continuing.

If you must trade this coin please be well guided.

Keep your eyes on the funding rate. If it continues to be very negative then you can buy in spot or futures with low leverage cos eventually those whales hedging by shorting the coin will pay a heavy price and get discouraged and this will cause price to go up.

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