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MANIPULATION MASTERCLASS: How people get rekt after receiving "free gibs" ๐
Project airdrops $MMT tokens to eligible wallets but locks 90% of airdrop into veMMT until Nov 11.
Most recipients understand that this is a worthless token and price will probably go down before Nov 11 so they hedge by shorting perps on CEXs.
๐ผ Then the classic manipulated pump happens. Price explodes 1,066% liquidating around $100M in shorts.
๐ฝ After the squeeze we get dump and price collapses roughly 84% back down within a day.
Lesson for traders. Free airdrops are not free if large portions are locked and insiders or whales can coordinate flow โ๏ธ
#EducationalPost #LaunchTokensOnSquareToGrab$1,000 #JoinCreatorCertificationProgramToEarn$10,000 #DecemberRateCutForecast #AsterBurns50%OfBuybackTokens
Follow for more Updates and Signals ๐๐ค๐ค๐ค๐ฏ๐ฅโฅ๏ธ