For those who are not familiar, coin of Argentina called LIBRA rugged at 4 Billions and still people think expensive coins are safer.
What you see in most new coins as lots of buyers coming in a very short amount of time, is usually the insiders buying supply and spreading through wallets.
When they do so, it will significantly affect the price. And those who plan to rug usually can’t hold more than a few hours, 1-2 days at most.
The coins that move in waves are the ones that gain real longterm holders, and to be frank that’s the only strategy that works in memecoins. People are tired of getting rugged and they don’t mind throwing couple grand at coins sitting on millions.
The sentiment is changing very soon and only coins that have survived market conditions will thrive. Daily pump and dump era is over.
Feel free to join $CRYPTO community where we discuss everything Crypto related.
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