$SIREN is truly amazing - a Trump fighter jet among altcoins, up nearly 50x! The whale accumulated close to 70% of the chips at 0.046 and drove it up all the way. Just from spot trading, they made 1 billion!
The futures market blew out a bunch of short sellers too, probably worth several hundred million. Still, the whale is the one making money. That's how altcoins work - if you want to make steady profits, become the whale yourself, completely control the market. There are always retail traders who can't resist chasing highs, always some who go short, the harvest is never-ending. The altseason only comes when many whales like this coordinate to pump together.
If you're a noob who doesn't understand anything, it's better not to trade futures or play altcoins. Make money within your circle of competence. Usually spend more time improving your knowledge instead of dreaming of getting rich overnight. Otherwise you won't even know how you got liquidated.
$SIREN is truly amazing - a Trump fighter jet among altcoins, up nearly 50x! The whale accumulated close to 70% of the chips at 0.046 and drove it up all the way. Just from spot trading, they made 1 billion!
The futures market blew out a bunch of short sellers too, probably worth several hundred million. Still, the whale is the one making money. That's how altcoins work - if you want to make steady profits, become the whale yourself, completely control the market. There are always retail traders who can't resist chasing highs, always some who go short, the harvest is never-ending. The altseason only comes when many whales like this coordinate to pump together.
If you're a noob who doesn't understand anything, it's better not to trade futures or play altcoins. Make money within your circle of competence. Usually spend more time improving your knowledge instead of dreaming of getting rich overnight. Otherwise you won't even know how you got liquidated.