2026-03-05 13:42:38

Pump and Dump)

What’s happening:
The chart shows a typical malicious market manipulation behavior known as “pump and dump” or “Rug Pull.” The asset was artificially pushed up from a low point to attract retail investors to chase the high, dreaming of “moon.” Subsequently, the project team or large insiders dump their holdings onto the market all at once, causing the price to collapse instantly.

Technical Analysis:
On the 8-hour chart, you can see the price was violently driven up from around $0.20 to over $2.40. After a brief period of consolidation and distribution at the high, a massive bearish candle appeared, almost instantly wiping out all gains. The current price has fallen below the pre-pump starting point (currently around $0.146). The order book depth is nearly exhausted.

Trading Advice:
Strongly advise against trying to “buy the dip” and rebound on this kind of asset. Tokens that are manipulated and dumped by insiders usually end up worthless or remain in long-term dormancy at the bottom. This is a classic scam, stay far away.

The same manipulation technique is also used on #RIVER . Look at the chart — they even made a “Leopard Head 88.88”!
Shameless pump-and-dump schemes are just shorting opportunities, often yielding excess returns!

POWER-28.36%

View Original

[The user has shared his/her trading data. Go to the App to view more.]

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.

2 Likes