$ONE is still rising, and this short squeeze doesn't look like it will end well:
A token whose mainnet has been shut down—surely no one thinks its fundamentals have improved, right?
In August, after it was hacked and 2.8 billion tokens were stolen, the price dropped 37% that day. The team announced shutting down the seven-year-old mainnet and migrating ONE to Ethereum ERC-20.
Moreover, its liquidity is very thin. A zombie coin with a market cap of only 20 million suddenly had a trading volume of 107 million and a turnover rate of 4.42. The signs of a pump are quite obvious.
So this is clearly a pump-and-dump to squeeze shorts. The team's story about "making money with AI video" is just a pie-in-the-sky tale to support the pump; don't be fooled.
Therefore, ONE has basically become a speculative coin, just like $LSK before. Now the market makers can push it up or down at will; it’s all about how to profit from the moves.
For those who want to play, you need to go against the crowd and guess the market makers' intentions.
#SPGlobalToAcquireOpenZeppelin
A token whose mainnet has been shut down—surely no one thinks its fundamentals have improved, right?
In August, after it was hacked and 2.8 billion tokens were stolen, the price dropped 37% that day. The team announced shutting down the seven-year-old mainnet and migrating ONE to Ethereum ERC-20.
Moreover, its liquidity is very thin. A zombie coin with a market cap of only 20 million suddenly had a trading volume of 107 million and a turnover rate of 4.42. The signs of a pump are quite obvious.
So this is clearly a pump-and-dump to squeeze shorts. The team's story about "making money with AI video" is just a pie-in-the-sky tale to support the pump; don't be fooled.
Therefore, ONE has basically become a speculative coin, just like $LSK before. Now the market makers can push it up or down at will; it’s all about how to profit from the moves.
For those who want to play, you need to go against the crowd and guess the market makers' intentions.
#SPGlobalToAcquireOpenZeppelin