#CORL I believe it will not touch the previous low again. It is unreasonable for the market maker to spend money to push up the price and then sell their tokens at a low price after buying them at a high price. Therefore, the token will not decrease further; its price will only go higher because retail investors will no longer sell their low-priced tokens. The market maker can only make money by raising the price to trap those chasing the high, then gradually offloading their holdings. If the price drops back to 0.003, the market maker's push-up will be meaningless. I wouldn't be surprised if it increases tenfold from here.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
1
Repost
Share
Comment
0/400
GateUser-5315c855
· 11-12 13:59
Will it pump to 200% or more today, then crash, cycling back and forth?
#CORL I believe it will not touch the previous low again. It is unreasonable for the market maker to spend money to push up the price and then sell their tokens at a low price after buying them at a high price. Therefore, the token will not decrease further; its price will only go higher because retail investors will no longer sell their low-priced tokens. The market maker can only make money by raising the price to trap those chasing the high, then gradually offloading their holdings. If the price drops back to 0.003, the market maker's push-up will be meaningless. I wouldn't be surprised if it increases tenfold from here.