I remember that TrueBit (TRB) once did something especially disgusting.
On New Year’s Day in 2024, after 13 hours it pumped from 268 to 593, then dumped back to 143. The whole network got liquidated—$73.1 million, hitting both longs and shorts. At the peak of the pump, the team deposited 4,211 TRB (worth $2.4 million) into Coinbase, and the timing was just right. The top 100 addresses held 95% of the supply, while 20 whales soaked up the orders around $15 and slowly moved the coins to the exchange.
Strike (STRK)’s on-chain options protocol is still talking about liquidity, but trading volume can’t fool people anymore. Chainlink (LINK)’s institutional narrative is tough, though—Infosys just connected 1.7 billion bank accounts. Big whales also scooped up $120 million on the pullback. But LINK itself fell from 52 to 12; institutions may buy, but the price still won’t rise. Even WBTC’s institutional channels are fading, and capital is flowing out.
Maybe trb still has potential to become a demon coin, but the risks are just too huge
$LINK $TRB $STRK
On New Year’s Day in 2024, after 13 hours it pumped from 268 to 593, then dumped back to 143. The whole network got liquidated—$73.1 million, hitting both longs and shorts. At the peak of the pump, the team deposited 4,211 TRB (worth $2.4 million) into Coinbase, and the timing was just right. The top 100 addresses held 95% of the supply, while 20 whales soaked up the orders around $15 and slowly moved the coins to the exchange.
Strike (STRK)’s on-chain options protocol is still talking about liquidity, but trading volume can’t fool people anymore. Chainlink (LINK)’s institutional narrative is tough, though—Infosys just connected 1.7 billion bank accounts. Big whales also scooped up $120 million on the pullback. But LINK itself fell from 52 to 12; institutions may buy, but the price still won’t rise. Even WBTC’s institutional channels are fading, and capital is flowing out.
Maybe trb still has potential to become a demon coin, but the risks are just too huge
$LINK $TRB $STRK