Actually it's investors speculation. Those who have invested want to recover their losses. Using Pump and Dump tactics they are creating hype and want to trap small traders.
Посты
CryptoAlex
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РостWhat happened on BINANCE?
For those who are unaware, on August 6, Binance announced the delisting of $MEMEFI. Logically, the price should have dropped, but no, welcome to crypto, the price tripled 🆙
You may ask why this is the case. Let us clarify and examine what actually occurred. Essentially, the situation is similar to that of $ALPACA
When Binance removes a token from futures trading, it closes all trades at the best price at the time of delisting.
Whales take advantage of this:
1. They saw the news → took long positions for huge amounts and raised the price by buying up the coin on DEX.
2. They don't need to look for someone to sell to — Binance will buy everything at the peak price (for us, that's on the 11th at 12:00).
3. After that, whales dump the coin on other exchanges, causing it to plummet.
Now the token will fall after the news, and I think this pattern will become more difficult each time, as more people will learn about it and everyone will try to short and long.
How do you like this swing?)
$MEMEFI
For those who are unaware, on August 6, Binance announced the delisting of $MEMEFI. Logically, the price should have dropped, but no, welcome to crypto, the price tripled 🆙
You may ask why this is the case. Let us clarify and examine what actually occurred. Essentially, the situation is similar to that of $ALPACA
When Binance removes a token from futures trading, it closes all trades at the best price at the time of delisting.
Whales take advantage of this:
1. They saw the news → took long positions for huge amounts and raised the price by buying up the coin on DEX.
2. They don't need to look for someone to sell to — Binance will buy everything at the peak price (for us, that's on the 11th at 12:00).
3. After that, whales dump the coin on other exchanges, causing it to plummet.
Now the token will fall after the news, and I think this pattern will become more difficult each time, as more people will learn about it and everyone will try to short and long.
How do you like this swing?)
$MEMEFI
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