Cryptocurrency market maker Gotbit Hedge Fund’s emerging token listing strategy has sparked controversy among investors.
Blockchain detective ZachXBT 24 September shared on in post, Gotbit Hedge Fund A set allegedly belonging to a market maker named “listing strategies” gave place.
In these images, the market maker uses new tokens as a listing strategy. By pumping between 10 times and 20 times released and thus creating FOMO Upselling to new users He was seen trying to do it. ZachXBT, Gotbit Hedge Fund to be careful about the altcoin projects they cooperate with. warned investors.
In Gotbit’s listing strategy, at least in the first minutes of token listing A 10-fold increase to attract the attention of investors and short-term with pump-dump operations Selling as many tokens as possible from the peaks includes:
By pumping the price in the first minutes of listing, we will create a 10x spike and this spike will drive people into FOMO. Then, an accumulation opportunity will arise that creates more purchasing power. We will aim for as much as possible on that first upward pin and sell as many tokens as we can at the top.
On the other hand, Gotbit has a few different strategies for listing. Along with the first listing in one of these 20x rise aiming market maker, listing follower Up to 25 times for 1 monthr creates peaks and rises, giving new users a virtual sell goods from above aims.
In addition, market maker investors, Earn more than $1 million through token liquidation and at the listing price 6-7 floors high such as the promise of a fixed price at a level ethic offers offers of questionable value.
Some market commentators view such strategies as damaging to the cryptocurrency market. toxic activities While interpreting as, market makers in a wandering way He defended his actions.
