What is the mentality of those who mindlessly promote ata? Let everyone take the bait?
Doing things that harm others without benefiting oneself! Can you live with your conscience? $ATA #GMT热度飙升
First of all, why can this coin rise so absurdly? Because the operators control at least 90% of the coins in the market. They use a method called wash trading to drive up the price. For example, through two accounts, let's say the current price is 1 yuan, and one account has 1 million coins, then the operator buys 1 million coins from another account for 1.2 million, and the price goes up to 1.2 yuan. The coins are still in the hands of the operator, and they only spent 200,000 to push the price up. This is like inflating the price out of thin air; if retail investors follow and buy, the operator's cost will be even lower.