BID's performance today is a bit fierce!

A direct surge of 53% in a single day, currently priced at $0.0512, with a trading volume reaching 59.7 million. But looking at the market cap—only 13.61 million. This kind of scale combined with such a rise basically fits the classic pump-and-dump script for small market cap coins.

Looking back at historical data is more interesting: the highest price once reached 0.318, and it dropped to a low of 0.0146 in October. This wave has at least tripled for the investors since the bottom.

However, I must remind you that the fully diluted market cap is 50.21 million, while the current circulating market cap is only 13.61 million. A simple calculation shows that a large number of tokens have not yet been unlocked. Once selling pressure hits later, those who run slowly will end up buried in it.

If you want to take a gamble, you can consider lightly testing the waters around 0.048, with a stop loss set at 0.045. If it breaks through 0.055, there may be an opportunity to chase, but remember that the liquidity of such low market cap coins is extremely poor, and the order book is as thin as paper; if you are a moment late, you might end up receiving the last baton.

In simple terms, the pump of these types of coins is just to offload them. You might think you are buying at the bottom, but in reality, you might just be picking up the dealer's position.

Has anyone been harvested by similar small coins? Let's chat about your experiences in the comments!