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$BNB On Dec 13, 2025, 10:03 AM(UTC). According to Binance Market Data, BNB has crossed the 890 USDT benchmark and is now trading at 890.130005 USDT, with a narrowed 0.31% increase in 24 hours {spot}(BNBUSDT) $BTC {spot}(BTCUSDT)
The Doge King (DOGEKING) token speculation case is a typical example of capitalizing on the popularity of the Spring Festival Gala to harvest retail investors.
On January 31, 2022, during the CCTV Spring Festival Gala, Shen Teng mentioned in the skit "Still Not Returning" that he was trading dogs in the metaverse and even referred to himself as the "dog king" of the metaverse. As early as November 2021, the token DogeKing was already launched on the Binance Smart Chain, which is a derivative of Dogecoin.
On the night of the gala, as soon as Shen Teng's lines were spoken, investors began to buy DogeKing. The price of this token surged fourfold within five minutes from 20:55 to 21:00, and in the following half hour, it skyrocketed at a rate of doubling every five minutes, reaching a peak increase of 1009.83% within the day, with a 24-hour trading volume of approximately 15,580,000 RMB.
After the gala ended, early participants began to cash out in large quantities. Subsequently, the popularity of the token faded, and its market value plummeted, eventually falling below 2% of its peak value, with over 85% of following retail investors suffering losses. Additionally, this project lacks clear team information and a white paper, relying solely on hype without any practical application value, essentially being a speculative harvest targeting retail investors.
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3 Classic Distribution Methods Commonly Used by Market Makers
In the cryptocurrency market, market makers (Whales) use various complex distribution strategies to cash out a large number of tokens at high prices after driving up the coin's price. These tactics aim to quietly sell tokens to retail investors without causing market panic. Here are 3 classic distribution methods commonly used by market makers in the cryptocurrency market, which are usually used in combination: 1. High position shake-out distribution (The Shake-Out Distribution) This is the most common and most deceptive distribution method. • Operation method:
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$ASTER 📌 $SOL Stop chasing the trade that will make you rich in a week. Focus on consistency (DCA) and give solid projects time for the magic of compounding and long-term growth to do their work.
Sometimes you will buy high and sometimes you will buy low, but over time, your average purchase price will be very competitive, and you will protect yourself from putting all your money into a single price peak.