Brushing these kinds of coins isn't just during times when there's no market activity; back when the pump market was hot, there were many more self-brushed coins every day than now. I previously monitored a batch of addresses (address cluster of over 10,000), and there were dozens of them brushing tens of thousands to tens of millions of coins in a single day... I just don't understand what their purpose is for brushing this; at the time, I thought they were trying to get airdrops (I might still think that now, but I feel the cost is very high).
After writing about the suspected brushing volume of Pump yesterday, I also had an in-depth discussion with some friends. How to say, others have also found that they have a lot of pure brushing coins, but they can't prove that they did it, but the market value of a few hundred K is indeed suspicious. The recent shrinkage of the meme market is not only a matter of physical feeling, but also a decrease in revenue from dog-beating tools including GMGN. Why does Pumpfun print so much money 💰 every day? But in other words, this brushing volume also requires real money. In other words, even if this is a fake profit, it will still look good on the accounts, which is a very attractive business for many investors who only look at the fundamentals of earnings. A friend put forward a hypothesis: Because the total amount of coins transferred by Pump to Kraken yesterday is very close to the amount they previously repurchased (74 million vs 80 million), so even if they keep using the repurchased coins to smash arbitrage in stages, and then use them to continue to brush the volume, is it still a big profit? Isn't this a perpetual motion machine? 🤣🤣🤣 In fact, many well-known projects in the currency circle are designing ponzi models, but a good ponzi means that even if you know him, you can't blame too much, and you even have to sigh that people are smart and playful. (Attach individual group discussion pictures) So the final conclusion is: As long as the daily repurchase amount remains stable, then this story can still be told, as for whether it is long or short, friends have objections, you can judge for yourself.
Show original
8.17K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.