There's no point in staring at the top 10 holdings list when dealing with these garbage shitcoins.



The top 10 are all whale positions. A normal garbage shitcoin liquidity pool is just over a million, and with leverage, you can drain the pool with less than a million and crash the price to the point where you question your life choices.

Looking at a shitcoin with a 10 million market cap, a 10% sell-off can send the market to zero. If the top 10 holders were retail investors, whales would never take such a huge risk just to be someone else's stepping stone. They can easily manipulate the price up or down through wash trading and self-dealing.
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin