So, has the meme coin evolved again, or has the crypto market environment just gotten worse? 😅😅😅
Have you ever seen a coin that’s gone to zero on-chain, yet its contract price on a CEX is skyrocketing?
I hadn’t seen it until today.
Now the $H on-chain and the $H on the exchange have become two different beasts due to deposit and withdrawal issues. Some retail traders, stuck in their old habits, think that since the on-chain spot has gone to zero, shorting on the CEX shouldn’t be a problem. Now they’re just fish on the chopping block.
Despite the numerous doubts about being “rug-pulled,” the project team has successfully managed to split the assets between CEX and on-chain. If the accusations of insider theft are true, then the whales not only cashed out on-chain but also exploited the herd mentality to lure in a wave of short sellers, further concentrating their holdings and shrinking the market cap (they used to worry about on-chain stuff, now they only care about the CEX). It's just perfect.
The first to create this “counter-intuitive” strategy always has the biggest gains. $H has truly dared to be the pioneer, opening up a new harvesting approach for meme coin whales.
From now on, I honestly can’t bring myself to buy any meme coin holdings on-chain; the spot on the CEX feels way safer. Who knows when the ones outside might turn into fake coins?
Have you ever seen a coin that’s gone to zero on-chain, yet its contract price on a CEX is skyrocketing?
I hadn’t seen it until today.
Now the $H on-chain and the $H on the exchange have become two different beasts due to deposit and withdrawal issues. Some retail traders, stuck in their old habits, think that since the on-chain spot has gone to zero, shorting on the CEX shouldn’t be a problem. Now they’re just fish on the chopping block.
Despite the numerous doubts about being “rug-pulled,” the project team has successfully managed to split the assets between CEX and on-chain. If the accusations of insider theft are true, then the whales not only cashed out on-chain but also exploited the herd mentality to lure in a wave of short sellers, further concentrating their holdings and shrinking the market cap (they used to worry about on-chain stuff, now they only care about the CEX). It's just perfect.
The first to create this “counter-intuitive” strategy always has the biggest gains. $H has truly dared to be the pioneer, opening up a new harvesting approach for meme coin whales.
From now on, I honestly can’t bring myself to buy any meme coin holdings on-chain; the spot on the CEX feels way safer. Who knows when the ones outside might turn into fake coins?