any stackers know why fold got this pump today? The comment with the best reference will be zapped 1k sats!
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439 sats \ 0 replies \ @denlillaapan 9 Jun
Bitcoin jumped a bunch overr the weekend, and they're a bitcoin company plus some treasury in btc so insta upvalue
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398 sats \ 0 replies \ @0xbitcoiner 9 Jun
the clearest explanation is just more people wanting to buy than there is stuff available in a market that's not very liquid. But if I had to pinpoint something, I'd bet on either Bitcoin pumping or/and a short squeeze (https://fintel.io/ss/us/fld#).
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386 sats \ 0 replies \ @grayruby 9 Jun
Low volume?
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149 sats \ 0 replies \ @kurszusz 12 Jun
Result of several factors...
- Low market cap => much easier to manipulate the price
- Low volume => manipulation level 2
- Whales want to make money quickly
- Some "influencers" promote it
- The meme department is doing pretty well right now (in the short term)
The other day there was a token (meme - shitcoin) that increased 100x in 1 day (no joke)... its name is AURA ;)
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75 sats \ 0 replies \ @fiatbad 10 Jun
Bitcoin companies win.
Shitcoin companies lose (Celsius, BlockFi, FTX, etc....)
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61 sats \ 0 replies \ @flat24 10 Jun
I think that it does the same thing all shitcoins do, go up to catch people 👥 clueless and turn them into liquidity.
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