A coin has recently caught attention - $NIGHT. When I looked at it the day before yesterday, its market capitalization was around $160 million, which isn't particularly large. But when I turned to check the行情 of major Asian exchanges, I discovered something strange. The daily trading volume of this coin is actually more vigorous than that of Bitcoin, which in itself is quite unusual. After careful analysis, it is likely that there is significant capital involved in market manipulation. In other words, the seemingly active trading volume may not be very real, and there are risks involved.
In my personal opinion, this type of coin is not suitable for hasty involvement at the moment. If you really want to participate, you must have adequate risk preparation. Based on the recent volatility, this coin may experience a fluctuation of about double in the short term, which is already significant for those with limited risk tolerance. Instead of following the hype, it is better to wait for the market sentiment to calm down and make decisions after understanding the fundamentals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
SatoshiLeftOnRead
· 16h ago
Market manipulation is an old trick, and it's still the same group playing with variations.
---
I've seen enough of fake trading volume, but this wave of $NIGHT is indeed a bit excessive.
---
Wait a minute, trading volume surpassing Bitcoin? How much can one fabricate, haha.
---
With a short-term double volatility, it’s safer to go all in on a mainstream token.
---
That's why I only look at Candlestick charts and not the stories.
---
Calm down and get on board again, so you don't end up being played for suckers.
---
A coin with a small market capitalization and high liquidity is easy to buy, but hard to run when you want to.
---
Another market maker coin is born, and the audience can just watch the show.
---
The risk management talk is right, but who will really do it?
---
If you rush in without understanding the fundamentals, you deserve to be trapped.
View OriginalReply0
FreeMinter
· 12-23 09:53
With such obvious market manipulation, who would dare to catch a falling knife? Wake up everyone.
View OriginalReply0
gas_fee_therapy
· 12-23 09:52
The market manipulation trap has been played out, it's better not to touch it.
View OriginalReply0
OnchainDetectiveBing
· 12-23 09:51
The volume is even stronger than BTC? This is clearly playing people for suckers, be careful not to get trapped.
A coin has recently caught attention - $NIGHT. When I looked at it the day before yesterday, its market capitalization was around $160 million, which isn't particularly large. But when I turned to check the行情 of major Asian exchanges, I discovered something strange. The daily trading volume of this coin is actually more vigorous than that of Bitcoin, which in itself is quite unusual. After careful analysis, it is likely that there is significant capital involved in market manipulation. In other words, the seemingly active trading volume may not be very real, and there are risks involved.
In my personal opinion, this type of coin is not suitable for hasty involvement at the moment. If you really want to participate, you must have adequate risk preparation. Based on the recent volatility, this coin may experience a fluctuation of about double in the short term, which is already significant for those with limited risk tolerance. Instead of following the hype, it is better to wait for the market sentiment to calm down and make decisions after understanding the fundamentals.