/biz/ - Business & Finance

Collect your gains... while you still can.

(1), (2), (3) refer to points on the attached image.

(1) With just 70,000 PNK tokens market sold on Bitfinex, the price of Kleros will crash to 5 cents. Eg, someone with 7k USD can crash Kleros' price down by 50% on Bitfinex.

(2) Kleros volume spikes here. Beforehand it was only 30-50k volume per day. This shows clear volume manipulation. Even legit coins like Chainlink haven't had such unorganic volume spikes

(3) The volume is staying below this horizontal red line, eg, Kleros' price has been increasing every day on sub 3 mil volume. This is done by market makers manipulating the price of a Kleros

So what's going to happen here?

(1) As soon as a whale gets greedy and exits, clearly the price will be crashing down on multiple exchanges. Do not buy now, and if you already bought now is the time you should be exiting.

(2) (3) This pattern follows other PUMP & DUMP scams such as HEX which went from low 20-30k volume to 3 million volume. The Kleros & HEX team are also close. Not a good sign.

One entity is trading 3 million PNK a day to drive the prices up (on multiple wallets), so he can let you buy his bags and make massive profits selling you a coin for 5X+ its value. The trading is very inorganic.

An example of one such entity is this address: https://etherscan.io/token/0x93ed3fbe21207ec2e8f2d3c3de6e058cb73bc04d?a=0x0983e2424217e016152e2a0fb3b71d6f746e1b08

(Explained further in comments)