yup, this has been the way since the beginning.
in fact most of the alt coins are the same way. and its super obvious that its being manipulated by those with the largest amounts.
the market is too immature. the financial gene pool is too shallow.
in fact most of the alt coins are the same way. and its super obvious that its being manipulated by those with the largest amounts.
the market is too immature. the financial gene pool is too shallow.
If they only have the altcoin then all they can do is sell. Its not like they can manipulate the price upwards unless they have additional assets.
For some market participants they have multiple pools of capital. But the mere existence of consolidated ownership doesn't mean its manipulated because that alone doesn't make sense?
Curious if you could articulate the process you imagined. I've seen your version of events mentioned alot on twitter, discord, telegram and similar threads, but its just like the reductive "must be money laundering" comment also often seen, how does that work exactly?