I doubt that it is regarding any sort of speculation or manipulation situation because dumping your coins on a dex is not really a sure fire way to make money, it doesn't really provide anyone with any path to profiting. Think about it this way, if I sold all of my wrapped crypto kitties right now, how would that really help me?
How would that really profit me in the long run in a secret agenda? There is no way that could happen, and considering it is more expensive to even sell my wck right now because of costs involved, I would be even losing money while selling that token. Hence I believe they are just dumping for dumping case and nothing more, they are not doing it for any secret agenda that will provide them with more profit later on because there is none that we can see.
Topic: Any clue why whales are pumping shit coins at DEX? (Read 1087 times)
I believe it's simply a typical value control perhaps the devs are attempting to keep their coin alive by siphoning their own coin in light of the fact that the vast majority of the coin in dex have low volume in any case. I need to consider that the altcoins could clutch their cost as bitcoin siphons and could dump however reaction of brokers seems as though they split there interest into altcoin and bitcoin than in a year ago bear market when all venture is into bitcoin.
As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?
Not everyone can easily make 100x pumps on dexes; decentralized or centralized exchanges, you can make profits anywhere; but as a newbie trader or professional trader; why would you buy the bull? the green candles ? and also; you need to learn that it is not all bearish token that can be purchased; 80% bearish altcoins on dexes ends up delisted without volume; be resourceful and do your own research
Since at DEX i found it simpler to pump than on CEX, for example projects on uniswap can be pumped to x10 x20, and the problem are they doing for a big dump i think but coin There are small supply will be the shark choose to pump.
The whales will not always choose the coin with small supply to pump it, the whales are pumping based on the news that has come before. Did you see that a lot of big coins were pumped? That means the whales are also seeing the fundamental of coins to did a pump.
Dex is having small liquidity and it's very easy to pump it. You must know that there's also a big gap between sell and buy orders. that makes the whales can use the spread to pump the coin.
They wont really pumping up something without any reason because even if theyre whales then such actions would really still need some consideration on why
they would really be making such step and of course they will be always aiming for their own benefit on risking out to pump a certain coin which they do sees that
people will be hooked up to have some that fomo feeling and when it raises up even more due to that bullish drive then they would really be releasing of their
bags later on and such step is really that worth since they do able to make money.
With DEX then its understandable with those big gains or multipliers yet liquidity isnt really that high which you can really easily pump out a certain
coin.
DEX or even in Binance Dex yet since we don't have any verification we can be foreseeing on it what is a potential situation that occurs. Maybe, that was presumably on the siphon and dump gathering. Purchasing everywhere sums all at once and afterward draw brokers likewise to purchase. I believe it's simply a typical value control possibly the devs are attempting to keep their coin alive by siphoning their own coin in light of the fact that a large portion of the coin in dex have low volume at any rate so you don't require such a lot of cash to siphon and they are attempting this trusting that individuals will begin to purchase and they would then be able to dump their coin a short time later.
Since at DEX i found it simpler to pump than on CEX, for example projects on uniswap can be pumped to x10 x20, and the problem are they doing for a big dump i think but coin There are small supply will be the shark choose to pump.
The whales will not always choose the coin with small supply to pump it, the whales are pumping based on the news that has come before. Did you see that a lot of big coins were pumped? That means the whales are also seeing the fundamental of coins to did a pump.
Dex is having small liquidity and it's very easy to pump it. You must know that there's also a big gap between sell and buy orders. that makes the whales can use the spread to pump the coin.
First, let's look at the trading volume, if the volume is not good then it's just purely a game, whether it's the whales or not, or whatever you call it, don't play their game if you don't know how to get out safe. DEX has lose its credibility already, it was only popular during the time of ICO.
I often see it on polonidex and newdex the price can go up to 150% but the orders are not sufficient to actually profit. probably just the team trying to get their coins on top as top gainer. it work as a promotion for the project. but you really can't sell the bag of yours for the price that it is. the buy order is less than a hundred token. not worth investing in the inferior coins.
That is the valid due to low liquidity and low traffic on that DEX's it is much easy for them to make it pump and got attention of the newcomer to let them buy on high prices. This could be part of their advertising trick too but liquidity is more important for any project to survive in long term otherwise it could die very soon.
I often see it on polonidex and newdex the price can go up to 150% but the orders are not sufficient to actually profit. probably just the team trying to get their coins on top as top gainer. it work as a promotion for the project. but you really can't sell the bag of yours for the price that it is. the buy order is less than a hundred token. not worth investing in the inferior coins.
Because it's easy? I mean you can pump the prices on DEX and just make it look like there is an interest to it, and when prices increase for it, people will see that and will want to be part of it. The trick here is that you do not do it old shit coins, because if you do it on old ones, you are not going to get too much reaction, on contrary you will get a lot of people who will want to get out and sell.
However if you do it on new projects, people may think that project is awesome and they should be part of it early on, and will buy when they see price increasing a lot, at which point whales will just dump the coin on their heads and leave with the profits. When you are trading on dex, never trade because you want to make a quick profit, find projects that are good long term.
However if you do it on new projects, people may think that project is awesome and they should be part of it early on, and will buy when they see price increasing a lot, at which point whales will just dump the coin on their heads and leave with the profits. When you are trading on dex, never trade because you want to make a quick profit, find projects that are good long term.
Whale pump shitcoin on dex to create FoMo. Ussually the cycle looked like this : Accumulation phase - Pump - News / Rumors - Dump / Distribution to retail investor.
There are also whale pump the coin to kill it and taking a profit from the coin, after pump and dump people will disstrust the coin/token.
Why on dex ? Because no KYC needed and no regulation on dex. It is completely wild market.
There are also whale pump the coin to kill it and taking a profit from the coin, after pump and dump people will disstrust the coin/token.
Why on dex ? Because no KYC needed and no regulation on dex. It is completely wild market.
To gain profit just like manipulation or pump and dump schemes.
They would bes the first one to invest so they would also have the highest when they starts to dump it.
They would bes the first one to invest so they would also have the highest when they starts to dump it.
I think there are many reasons but it's easier to see because the DEX is unregulated, so whales can freely pump and push the price of the token they want to their will. And this is because the listing DEX procedure is very simple, not as complicated as exchange.
Not complicated as an exchange, there is no certain limitation for the DEX platform, which many whales pump he waste in order to make profits because there are some innocent based on pumping they will invest in those coins and it will help them to make some decent profit. It is completely waste thinking about the Dex platform and the coins listed there.
Since at DEX i found it simpler to pump than on CEX, for example projects on uniswap can be pumped to x10 x20, and the problem are they doing for a big dump i think but coin There are small supply will be the shark choose to pump.
I don't think it's the 'whale', most of the time its either the team/project itself or a third party paid by the project. It's not a new thing, even in conventional investment business this kind of thing happened. A project creates hype manipulating market, buy all their initially cheap coins, and then ask 3rd party to sell at a higher price, and buy that too. Bragging about their skyrocketing price pump, and when more people buy their coin, they will just cashout and leave.
Ever since I'm into cryptocurrency investment i have never for once see whales pumping the price of shitcoin and the people that pump the price of shitcoin are signal group or liquidity exchange which uniswap is part of the decentralized liquidity exchange.
OP, if the shitcoin you're talking about is listed on uniswap it possible that the token has paid uniswap for liquidity services.
Mind you, shitcoin will always be shitcoin and if it pumps by some group it will later experience a dump in price.
OP, if the shitcoin you're talking about is listed on uniswap it possible that the token has paid uniswap for liquidity services.
Mind you, shitcoin will always be shitcoin and if it pumps by some group it will later experience a dump in price.
As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?
Typical things that do happen in DEX which you can usually see in CEX ones where shit coins tends to pump 100x or even 1000x and that would really give out possible profits for
those who do able to join the ride and devastation for those people who do join up on the peak.This is why you should really be careful on dealing with coins which you do see
that is mooning but if you can take up some gamble or risk then its your choice.Clues on why whales been doing this? no one knows but its safe to presume
that they been hooking out people who do tend to join with the hype and then release their bags and leaving those investors with burned wallets.
As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?
It is not always the whales pumping, it is sometimes OTC traders who on demand buy from dexes and then transfer to the end customer keeping 10 to 20 percent as comission and if they find a big buyer the price can pump exceptionally.
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They have deep pockets and have millions to spend on a token but a sudden surge can sometime be true, what i don`t understand is the meme token that shoot up 1.6k a piece and it was a joke token this shows how whales can easily affect a token price.
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