⚡️ LATEST: Justin Sun paid $6M for a banana taped to a wall and now plans to eat it
The artwork consists of a regular store-bought banana stuck to a wall with duct tape. It sold in New York for four times the estimated sales price. #banana
🇺🇸🗣 #BTC Tyrone Ross, 401 Financial CEO: There is a frustration that the advisors typically cannot discuss [Bitcoin] with clients. They can't bring it up. They're admonished not to say anything at all, and they are embarrassed by that. It just makes them look silly. #BTC☀
👀 New address today brought out #WIF worth ~$2 million from MEXC. He also purchased ~$2 million worth of #POPCAT in the last 2 weeks and currently has $230k in unrealized memcoin gains.
🗓🤔 #BTC November is the second best month for Bitcoin in 2024 so far. To surpass February as the best month of 2024, Bitcoin needs to rise above $100,524. #BTC☀
📍 whale, which owns $2.5 billion of SHIB currency, split its core portfolio of 14 portfolios into 150 small ones. This step is one of the methods used by top players (whales) in the market to hide their huge movements or pave the way for organized manipulations.
📍 to better understand the process: Regular pumps (Pump) usually take place through coordinated arrangements between large currency owners. These processes depend on: 1. Dollar liquidity infusion: Large amounts of stablecoins such as USDT or dollar are provided. 2. Distribution of large quantities to multiple portfolios: these portfolios are used to carry out fake sales and purchases among themselves, leading to a noticeable increase in the price.
📍 how does pumping happen? Initially, the market is aggressively and coherently driven by buying and selling among associated portfolios. After this activity emerges as a natural price rise, individual investors begin to feel afraid to miss the opportunity (FOMO) and push to buy. At this point, owners of large portfolios (whales) begin gradually discharging their quantities with each ascent, benefiting from a significant increase in price.
📍 current situation: By splitting the portfolios in this form and preparing to pump liquidity, whales seem to be preparing for a structured pumping process. Caution is advised in such cases to avoid falling into the trap resulting from whale movements.