On April 25th, recently, established declining cryptocurrencies have shown rotational upward trends, and last night APE even achieved a doubling overnight "miracle" without any positive news. It is worth noting that on-chain analysts quickly detected suspected APE wash trading behavior, with a user using only $170k, executing precise long and short contracts, achieving 14 times the profit on APE in one night.

Various signs indicate that such market behaviors recently involve highly similar manipulation techniques, with market makers controlling tokens through long-term declines and profiting from significant price fluctuations using funding rate tools in the derivatives market.

According to crypto KOL Crypto Fearless's report, during this Hong Kong conference, a market maker called HSBG became a hot topic, as this market maker made over $120 million profit simply by manipulating the RIVER project. It is said that this market maker's influence over the project team rivals that of centralized exchanges (CEX), and they can even manipulate the project's token unlock schedule.

As of press time, multiple tokens including AXS and HYPER are still rotating upward. BlockBeats believes that participating in such market movements is like "playing with fire," with extremely high risks. Users should exercise high caution and tightly control their positions if they choose to participate. #加密市场行情震荡