Ansem spent 867,132 USDC to buy 1,970,000 Fartcoin again

DailyNews

2025-02-07 08:22:11

USDC-0,01%

WIF-2,73%

Golden Finance reported that, according to Lookonchain monitoring, 13 hours ago, Ansem once again spent 867,132 USDDC at a price of $0.44 to buy 1.97 million Fartcoin. 9 days ago, Ansem spent $1.2 million to buy WIF and sold it for $1.07 million, losing $128,000.

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LookingUpToGodForTh

· 2025-02-07 08:25

1. Market Manipulation and Dealer Behavior Due to the small Circulating Supply of most AltCoins, the market is easily manipulated by dealers. Dealers create the illusion of market prosperity by holding a large amount of Tokens and using fake transactions to attract more retail investors to get on board. Once the dealer completes the high-level dump, the market price often drops sharply. 2. Irrational Behavior of Investors The high volatility and high returns of the Cryptocurrency market attract a large number of speculators. Many investors enter the market with the mentality of getting rich overnight, hoping to obtain excess returns by investing in AltCoins. This irrational investment behavior provides a breeding ground for the speculation of AltCoins. 3. Market Periodic Adjustment The Cryptocurrency market has strong periodic characteristics. In each market cycle, a group of poorly performing projects will be eliminated. As the market gradually matures and rationalizes, AltCoins that lack fundamental support will ultimately go towards the destiny of dropping to zero.

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