Seeing $龙虾 at the top of the biggest losers list really made me laugh hahaha😂

Of course, I’m not mocking it personally. I just took a small swing during the earlier uptrend, and now that it’s dropped back near the opening price, I’m seeing whether there’s another chance to accumulate some more.

But from the current trend, it doesn’t seem to show any signs of stopping the decline in the short term. And meme coins are basically driven by hype. Lobster is just 【the insiders finished a wave and ran off after pulling up their pants】. Why do I say that?
①: The top ten addresses are heavily controlling the supply, and the chips are extremely concentrated. At a glance, it looks like market makers or large holders sold together, leaving no buyers to take the other side, which is why it plunged like a waterfall.

②: Smart money’s long positions are currently deeply trapped, and basically all of them are retail chasers who bought high. Based on past BSC-chain memes that love stirring things up, there’s no way they would so easily let long positions get rescued, and the main players have already cashed out profits.

③: The daily chart is showing low-volume, slow decline. Lobster’s current price action is also really disgusting. If it doesn’t free-fall in one sharp spike, it rallies a bit to give longs hope and then smashes again, repeatedly distributing small amounts to trap retail investors who think they can buy the dip.

Also, with the current bad market conditions, where is there so much capital to pump the price? Unless there’s a new hype narrative that suddenly blows up and squeezes the shorts, otherwise the trapped longs are going to have to wait a very long time to break even, brothers!!!!

The above is only my personal opinion and does not constitute any investment advice. Thank you!
#以太坊跌破2400美元