There are actually quite a few buy orders for this coin, but it can't withstand someone continuously dumping and selling. With a Circulating Supply of 1 billion sitting there, no matter how much you invest, the other party can release as many chips as you put in, a typical bottomless pit—only falls, no rises.

What was that surge a few days ago about? To put it simply, it was a trap to lure in buyers. They first pushed the price up to create a profit effect, and when retail investors FOMO-ed in, the big players turned around and started dumping, making you the bag holder. I got cut quite a bit today and decisively stopped my losses and ran.

I advise everyone: when you see projects with a particularly large Circulating Supply and highly concentrated holding addresses, be sure to stay vigilant. Don't get too excited during the pump; it could very well be just a fishing attempt.

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SnapshotStriker

· 12-01 15:56

Another classic bull trap, I see through it.

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AlwaysMissingTops

· 12-01 15:53

1 billion circulating supply, this is a big pit, really. That wave of pump was a classic bull trap, and I also fell into this pit. To be honest, now when I see such projects, I have to step back three steps. Having been played for suckers, I understand now that stop loss is much more comfortable than holding on stubbornly. With such a large circulating supply, why rush in? Must have water in the brain. One word: run.

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GasGoblin

· 12-01 15:52

What the hell is a circulating supply of 1 billion? It can't be exhausted!

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PermabullPete

· 12-01 15:37

It's the same old trick, I saw through it at a glance. Really, when the market is highly concentrated, it's time to run, nothing more to say. Only those who have been played for suckers understand, it's annoying just to watch now. This bull trap play is outdated, yet some people still fall for it. 1 billion Circulating Supply? That's just a cash machine for the market maker. The moment of pump is the most dangerous, I've learned my lesson. Stop loss, stop loss, stop loss, that's the only way out.

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NFTRegretDiary

· 12-01 15:31

It's the same old trick again, with such a large circulating supply still daring to buy in, it's deserved to be played for suckers. --- I don't even look at coins with a circulating supply of 1 billion, I can see through the bull trap at a glance. --- Pump and FOMO, everyone really needs to remember this. --- I directly block projects with concentrated Addresses, don't ask why. --- What happened to the promise of rising? Instead, it's dumping every day, who can withstand this? --- Decisive stop loss is the way to go, stubbornly holding on is the dumbest. --- I've seen enough fishing pumps, now I can tell at a glance it's a trap. --- I won't touch this kind of coin anymore, the lesson is too deep. --- Coins with particularly large circulating supply are basically a dead end. --- So it's a bull trap, but the key is I fall for it every time, I really need to reflect.

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