PINPIN's current market cap is only 500 million. The K-line is entirely controlled by the big players; they can push it up another 10 times if they want. The lowest price was around 0.01, which is a market cap of 10 million. Collecting chips at this level, using about 5 million is enough, even if you spend 10 million to buy 90% of the chips. At this point, the big player becomes the god of this coin.
In other words, with just 10 million USD, you can manipulate such a clone coin, then push it up 50 times, making several hundred million dollars in spot trading, plus over 1 billion USD in futures.
I don't understand why millions of people don't go into the big game, but instead foolishly play others' futures markets...
View Original
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.
PINPIN's current market cap is only 500 million. The K-line is entirely controlled by the big players; they can push it up another 10 times if they want. The lowest price was around 0.01, which is a market cap of 10 million. Collecting chips at this level, using about 5 million is enough, even if you spend 10 million to buy 90% of the chips. At this point, the big player becomes the god of this coin.
In other words, with just 10 million USD, you can manipulate such a clone coin, then push it up 50 times, making several hundred million dollars in spot trading, plus over 1 billion USD in futures.
I don't understand why millions of people don't go into the big game, but instead foolishly play others' futures markets...