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Recently, there has been a lot of discussion in the industry about $MMT, but it's not good news.
I looked at its price chart, and to put it bluntly - this is a textbook example of "launch and harvest case." From the peak, the decline has already exceeded 85%. Those friends who rushed in on the first day are now probably just watching their accounts shrink, with not even a window to stop loss.
The project party really didn't play fair this time. It's common knowledge that new coin prices are highly volatile, but to see such a crash in just a few days? It's hard not to feel that there's some manipulation behind it. I also noticed that it was quite lively when it launched, but I just didn't dare to take action. Looking back at those loss screenshots and complaints now, I can only say - it's a good thing I was a bit slow to act at that time.
The altcoin market is inherently a high-risk area, and this "peak upon launch" script is not the first time it's been played out. In the future, when encountering new coins that have just launched, it's really important to observe for a few more days and not be deceived by temporary hype and pump illusions. After all, retail investors are not born as such; they are all cut down little by little.