⭕️ Market Manipulation 🎭 ⭕️
Don't miss this article and I will tell you the secrets of this business today.
It's a bit lengthy to cover but i will try mu best to keep it simple.
Some of you may have heard this word before and will keep hearing forever.
What is market manipulation?
When someone artificially affetcs the supply or demand for a security causing it to rise or fall for no reason is called Manipulation.
If you want to know the history you may use google or wikipedia, what i am going to share is a recent one.
I have been following few TG groups having hundreds of thousands of members (even in millions) who manipulate the market.
They promote the coin they want to pump and timing is shared among different groups.
They invite members to buy premium membership so that they are informed early.
Membership fees are in hundreds of dollars typically $250-$1000.
Today they targeted STRIKE from Kucoin market and the screenshot is given below.
Coin pumped from $13 to $86.67 in 5 minutes and then drop back to normal.
This coin is ranked 467 and has a marketcap of 64M and has traded a volume of 6M in a few minutes of trading.
Chart in CMC is showing $24 high price even though it touched $86.
There might be some traders who are trapped at higher prices and may not be able to get their funds back.
But those who are doing this for years they make it 5 to 6 fold in few minutes.
For example If you invest like $1000 you will get around 75 tokens and if you sell at 80 you will make $6000 in 5 minutes or less.
To be continued...
