Regarding the currency $PIPPIN , I want to mention a pitfall that many people easily fall into.
Many people think they have grasped real data by looking at the smart money sector, but this is a big mistake. The data from publicly traded accounts can be seen, but what cannot be seen is the real bulk. The invisible position is not counted by anyone, and according to the current contracts across the network, the real scale is around 200 million USD, and this is just the tip of the iceberg.
What’s worse is the trick played by the manipulators—creating illusions by toggling between public and hidden accounts. When accounts switch from public to hidden, retail investors see, "Oh, the smart money has withdrawn," and think the main force has run away. How many people have been deceived like this? Don’t they have any self-awareness?
Does this currency want to drop quickly? Not realistic. The on-chain holding spot is over 1 billion RMB, with an average cost price around 0.06. No matter how much money is made from contracts, why give up the profits from the spot? As long as the spot is not fully liquidated, the manipulators cannot escape. This means that without a few dollars in price, they cannot possibly liquidate.
But this does not mean that there will be a straight rise. During this period, both bulls and bears need to make money. If the manipulators keep holding back and do not release, the price fluctuations will have even less logic—purely depending on how they control the market.
