The Truth Behind Sudden Coin Price Spikes

One more thing: I’ll tell you about something that’s causing a lot of people to lose money. This is happening a lot these days on the Solana blockchain. You might have noticed that some coins are increasing in price by 1000% to 10,000% or even more within minutes. For this, scammers are forming groups. They bring together people with large amounts of specific coin and those with a huge number of Twitter followers. We call these people ‘influencers.

They all buy the coin at the same time, continuously. Some even use bots to keep buying. If a coin with a low market cap is bought continuously like this, its price rises abnormally. Initially, they promote these coins through Discord, X (Twitter), and Telegram. You might have seen many X accounts promoting coins with names like ‘next100xcoin.’ To be honest, it’s just a group of scammers behind it.

So, if we go and buy the coin in that way, the scammers have already bought it at a much lower price. Some people launch coins, and by then, they’ve already bought them at the lowest price. Finally, when a lot of people see the news on social media and start buying, the scammers sell them off at the same time, making huge profits. The market value of those coins then collapses. Let me give you some examples to look at. Don’t fall for these scams. I know a thousand people will fall for them, but my hope is to save at least a hundred people.

If you’ve learned even a little something from my posts and managed to avoid these scams, make sure to follow me and subscribe. I’ll keep updating more things like this in the future.