this is crazy! he has a lot of TRX tokens. I'm not sure developers are able to increase the price of TRX in the market. hmm but I wonder who he is,
is it possible he is the internal from the tron project itself? I have no idea
Topic: TRX being dumped daily by a Market Maker! - page 2. (Read 377 times)
It does not mean anything for me as I always stay away from such very hyped coins, always being dumped by large groups and talked too much in twitter by newbies. It is extremely overpriced even though market has grown too much.
I follow your mentor as well, so I know very well where this information come from and that this news is true. Just look at the ETH address to verify it. Yuo can also see that every transaction has the same fee of 100 Gwei.
Actually, I've never thought of investing in Tron simply because of I think this is an overvalued project, and now I have bigger doubts than before. The movements of that address are a bit suspicious to me, they just seem to be movements to create artificial volume and increase the market attention on this coin.
Actually, I've never thought of investing in Tron simply because of I think this is an overvalued project, and now I have bigger doubts than before. The movements of that address are a bit suspicious to me, they just seem to be movements to create artificial volume and increase the market attention on this coin.
hmm, pretty interesting info, thanks, OP. But what I don't understand is who will be profited from such movements? If this guy purchased 7.5B in mid-NOV till mid-DEC and has been selling it through 2018, he must be in profit right now, but probably much less profit than he would be if he holds till 31th of March.
Maybe he just sold as market is going to crash? He really has too much tron but I think he sells not to crash the market but to buy at cheaper price at bear market.
Are you serious? Check the breakouts (I hope you know what it means).
Whenever such patterns occurred, this guy just gave a bang to the price, and I think that this guy didn't even buy when the price fell to $0.025.
Tell me, why would that fellow buy it back when he had such a HUGE stash already in his bags? He has unloaded his bags and according to my mentor, he will be selling the remaining in the next 5 days* (before the launch of testnet).
*Can't guarantee as he is the one who will sell them, not me.
Tron is still overvalued right now.
I guess that with his big amount of coins, he is making a good decision to sell his coins. It's a good thing though, for those who want to make an entry at a lower price
I guess that with his big amount of coins, he is making a good decision to sell his coins. It's a good thing though, for those who want to make an entry at a lower price
Maybe he just sold as market is going to crash? He really has too much tron but I think he sells not to crash the market but to buy at cheaper price at bear market.
This is the same problem with bitcoin and the mt gox debacle. Someone with a huge stash just waiting to sell off and crashing the market in the process. It is worth keeping an eye on that trx wallet, he is going to sell during this rumour as he knows buy pressure is high during this time.
I try not to trust such insider information, but I'll specifically look at whether the information is truthful. I believe in TRX perspectives.
One of my mentors did a great research over this and told this to us:
"As you might know, the Tron (TRX) Test Net is launched on 31 March (main net will be May 31st), together with the announcement of their mechanism on how they will do a coin burn (announced by Justin Sun, CEO, early January. It is expected to be Ripple like (over time) and you could expect this to increase the price per token).
That's all public knowledge and this is why you already see the price steadily increasing by 5-10% in the last days. More impactful is this insider info: there has been a market maker who at one instance posessed 7.5 billion Tron (> 10% of total circulating supply in one wallet!) He purchased this between end of Nov till mid Dec. Since then, the wallet has only been selling and has never (!) purchased Tron again, not even when it was at 0.025$ last week. This wallet has been selling off Tron every single day and has kept the price low. At every breakout, he sold more to get the price back down. The rate was very slow in February (30M / day sold) but that all changed when Tron was listed on Bittrex: in a few days, he sold 2 billion Tron and since then, the average rate has jumped to 140M / day average for March. The previous days, the buy pressure is still very high and the MM is still selling that 140M average. This wallet 'only' has 1.26B Tron left now, so it stops in 5 days max... With the anticipation on Test net and Coin Burn, I estimate it's going to sell off sooner. And let this be a concidence or not, but what date are we then... right: 31 March. Boom, an explosive cocktail of news and fiercely reduced selling pressure.
Of course, DYOR. The MM's address is 0xB287a379e6caCa6732E50b88D23c290aA990A892 and can be found on Etherscan."
https://etherscan.io/token/0xf230b790e05390fc8295f4d3f60332c93bed42e2?a=0xb287a379e6caca6732e50b88d23c290aa990a892 - Link for lazy guys.
My mentor said that this guy will get all his coins sold till 31st March, so watch out for dips and look for the best entry point and take the chance of growing your portfolio more than 40%.
P.S.: Can't share the source of this as it was posted over Telegram.
"As you might know, the Tron (TRX) Test Net is launched on 31 March (main net will be May 31st), together with the announcement of their mechanism on how they will do a coin burn (announced by Justin Sun, CEO, early January. It is expected to be Ripple like (over time) and you could expect this to increase the price per token).
That's all public knowledge and this is why you already see the price steadily increasing by 5-10% in the last days. More impactful is this insider info: there has been a market maker who at one instance posessed 7.5 billion Tron (> 10% of total circulating supply in one wallet!) He purchased this between end of Nov till mid Dec. Since then, the wallet has only been selling and has never (!) purchased Tron again, not even when it was at 0.025$ last week. This wallet has been selling off Tron every single day and has kept the price low. At every breakout, he sold more to get the price back down. The rate was very slow in February (30M / day sold) but that all changed when Tron was listed on Bittrex: in a few days, he sold 2 billion Tron and since then, the average rate has jumped to 140M / day average for March. The previous days, the buy pressure is still very high and the MM is still selling that 140M average. This wallet 'only' has 1.26B Tron left now, so it stops in 5 days max... With the anticipation on Test net and Coin Burn, I estimate it's going to sell off sooner. And let this be a concidence or not, but what date are we then... right: 31 March. Boom, an explosive cocktail of news and fiercely reduced selling pressure.
Of course, DYOR. The MM's address is 0xB287a379e6caCa6732E50b88D23c290aA990A892 and can be found on Etherscan."
https://etherscan.io/token/0xf230b790e05390fc8295f4d3f60332c93bed42e2?a=0xb287a379e6caca6732e50b88d23c290aa990a892 - Link for lazy guys.
My mentor said that this guy will get all his coins sold till 31st March, so watch out for dips and look for the best entry point and take the chance of growing your portfolio more than 40%.
P.S.: Can't share the source of this as it was posted over Telegram.
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