You are being MANIPULATED and LIED to.
First of all: No I'm not "FUDing" Injective, I've been holding $INJ and publicly telling people to buy since we were at $2.
I'm up 15x with INJ.
Injective has always been a Market Maker & VC play.
The ONLY reason it's pumping right now is because Market Makers are artificially creating high spot buying pressure.
Remember a few days ago when we had a $BTC flash-crash and Injective wasn't affected? (x.com/MiyaXBT/status…)
All of the Buying Pressure came from Market Makers.
If you don't believe me look at the CEX Orderbook data from 2:10 PM AM - 2:52 AM UTC.
After Market Makers created this manipulated image of being the strong safe haven with all the buying pressure which makes an ATH after the largest liquidity flash in 2 years, they twapped out of it again, between 4:12 AM UTC - 8:14 AM UTC.
Market Makers only have two tasks:
(1) Trap Retail Investors
(2) Coordinated Sell-Offs
With Injective it's pretty funny, considering that the chain isn't being used at all.
Look how horrible the TVL is.
$11M TVL compared to $3B FDV!
I knew this pump would happen, because ALL of the VC insider unlocks were done during the deepest bear market. What VC wants to dump at close to a loss at $1 range?
This is exactly why i invested in at $2.
But now it's time to face realism and to also explain to retail investors what's truly happening behind the scenes.
Planned Manipulation.
Imagine you're an influencer with A LOT OF followers. How much do you think Market Makers & Injective would pay you if you spread (bullish) manipulative information about Injective?
How much of the insider supply would they send to you with a vesting period?
I'm not accusing anybody here.
The new Market Making Play-Book 2024 goes at follows:
- Social Engineering and Manipulation
- Security Manipulation and Insider Trade
--
So what is the Injective Playbook for 2024 Q1:
Coordinated Ecosystem Airdrops. Artificially boost the TVL higher.
AND NOW THIS IS IMPORTANT:
Did you ever notice you have to stake in order to qualify for airdrops?
You keep retail investors from selling their tokens in order to have a loooot of free time to coordinately DUMP on retail.
It's truly fascinating. The plan is working and you are ALL FALLING FOR IT.
BUT let me get a few thing clear:
- I think Injective's tech is really interesting, inEVM could have been really big. This post is no disrespect to the developers working on Injective.
- This is not intended to be disrespectful to any influencer / Market Maker. You did an OUTSTANDING job. One of a kind.
- I still hold 80% of my position and i'm certain it will go higher until February.
$50 - $100 seems inevitable.
This is just an insight-report into what's most likely happening behind the scenes. I am not trading technology or fair valuations, i'm trading attention and Market Makers, thus i am confident in my large position size.
No i wouldn't sell right now, nfa.
