Dear follower, this coin,
$ALLO , is being manipulated, just like what happened with Alpha coins.
The difference is that it's listed on the spot market.
As we can see, the number of coins offered is 200 million, but in reality, during the pump, it was less than that because the sell orders were very low. The team manipulated the price to pump it in a single day.
It's impossible for it to hit that price in one day unless the total supply on the market is less than 10%.
This is how the team can manipulate and pump the price to encourage trading and generate liquidity. Even the derivatives trading was very weak.
When the price pumped to 0.15000, the futures volume spiked, which is odd.
The team releases 13 million coins every month, so why did they pump the price of ALLO if most of the supply was already with the team and not with the whales?
#Squar2earn #BinanceSquareFamily #Binance #Escribe_para_ganar #YohicemiBinancePizza