Not just a pump and dump

[Anonymous No.8972628]

Somebody basically fingered $3 million USD buy order and took out every single offer from market price to ~0.0005 sats... everything that came after was day traders rushing in to try and find a new equilibrium.
Pump and dumps don't work like this. There's no way you are getting any of the money you put into the market by triggering offer at 0.0005 sats. The price came close at 0.0004 sats and quickly fell back, with lower dump volume.
While I would advise people to be careful about their positions, I would be equally careful about labelling absolutely everything as a pump and dump.
99% of the people on reddit don't know what the fuck the coin even does, let alone how to day trade, how to read price charts, and how to read price action history.
Bonus: If it was a pump and dump, you wouldn't see a single transaction from 0 to 0.0005. You would see hundreds of coordinated transactions from the "pumpers" to eat up some of the offers in order to draw in "the suckers" on the way up, before you hit a giant sell wall. Then you dump.
TLDR: Read the 1 minute chart. Its not a fucking pump and dump. Unless the pumper literally wanted to dump his money away.

This is not the first time humongous buys have occured triggering pumps, but in no way are they intended to be a typical pump and dump..

Seriously research into this coin, youll realise why its getting snapped up. Give it a month and this shit will be shilled hard on here.

[Anonymous No.8973723]

>>8972628

what happens if he/she/it dumps all those coins again?

[Anonymous No.8973754]

>>8973723
Anon finally learns its all a ponzi

[Anonymous No.8973788]

>>8973754

Well, it's simple logic... if he bought so many coins to make the price go +100%, then he has enough coins to crash it -100%?

I'm just an amateur faggot, i wont even hide it... correct me if im wrong tho.

[Anonymous No.8974530]

>>8972628
yes, a vomit sound backed currency will make it

[Anonymous No.8974654]

>>8972628
>0.0005 sats
>0.000000000005 btc