🔥Old-school bearish coins rotate and rise, aggressive market makers may be the drivers


On April 25th, recently established bearish coins rotated and increased in value, with APE doubling overnight without any positive news. On-chain analysts detected suspected wash trading, with a user achieving 14x returns through $170k contracts. According to crypto KOLs, during the Hong Kong conference, market maker HSBG profited over $120 million from manipulating RIVER, with influence comparable to CEX, and even able to manipulate token unlock schedules. As of press time, AXS, HYPER, and others are still rotating and rising.
APE-16.86%
AXS34.98%
HYPER68.14%
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