ARIA just had a massive dump
Guys, ARIA just printed a huge wick. In less than an hour, it shot from 0.24u to 0.32u, then got slammed straight down to 0.23u. It dropped nearly 30% in just over ten minutes.
These market makers are absolutely ruthless. They pumped it without even letting anyone catch their breath, and people who chased in got trapped at the top before they even realized what was happening.
This coin was only 0.08u in early November, then nearly 4x'd in 9 days. It’s been liquidating shorts nonstop these past few days: every time a batch of shorts gets wiped out, it pushes a bit higher.
That wick just now was probably the last batch of shorts getting swept. With no shorts left, there’s no fuel for it anymore, and nobody up there to buy in, so the market makers just dumped their bags.
This thing has a history, too. Back in April, it plunged from 1u to 0.09u in a single day. Someone dumped over 5 million u in one go, and on-chain analysts said it was the work of whoever was controlling the market.
Same market, same old playbook—they’re going to slaughter both longs and shorts. Seriously, damn shady.
Da Chao’s take: this pump has run its course. I’m staying out of this kind of market for now and watching how it plays out. #ARİA
$ARIA
Guys, ARIA just printed a huge wick. In less than an hour, it shot from 0.24u to 0.32u, then got slammed straight down to 0.23u. It dropped nearly 30% in just over ten minutes.
These market makers are absolutely ruthless. They pumped it without even letting anyone catch their breath, and people who chased in got trapped at the top before they even realized what was happening.
This coin was only 0.08u in early November, then nearly 4x'd in 9 days. It’s been liquidating shorts nonstop these past few days: every time a batch of shorts gets wiped out, it pushes a bit higher.
That wick just now was probably the last batch of shorts getting swept. With no shorts left, there’s no fuel for it anymore, and nobody up there to buy in, so the market makers just dumped their bags.
This thing has a history, too. Back in April, it plunged from 1u to 0.09u in a single day. Someone dumped over 5 million u in one go, and on-chain analysts said it was the work of whoever was controlling the market.
Same market, same old playbook—they’re going to slaughter both longs and shorts. Seriously, damn shady.
Da Chao’s take: this pump has run its course. I’m staying out of this kind of market for now and watching how it plays out. #ARİA
$ARIA
