Futures
Hundreds of contracts settled in USDT or BTC
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$TROY
1. Initial drop (to 0.00401): The whale deliberately lowers the price to create fear and panic among smaller investors. This causes some to sell their coins, thinking the price will continue to fall.
2. Small Recovery (to 0.0042): After accumulating coins at a lower price, the whale allows the price to rise slightly. This encourages some hesitant sellers to sell at this level, believing they are avoiding further losses.
3. Second drop (to 0.004158): The price is manipulated down again, frustrating those who are holding and triggering another wave of sales.
4. Massive Pump (to 0.0073 or 0.0082): Once the whale has acquired enough coins at low prices, it drastically increases the price, creating a fear of missing out (FOMO) among other investors. They then sell their holdings at a high price, making massive profits.