# EducationalPost

438
MANIPULATION MASTERCLASS: How people get rekt after receiving "free gibs" 🔍
Project airdrops $MMT tokens to eligible wallets but locks 90% of airdrop into veMMT until Nov 11.
Most recipients understand that this is a worthless token and price will probably go down before Nov 11 so they hedge by shorting perps on CEXs.
🔼 Then the classic manipulated pump happens. Price explodes 1,066% liquidating around $100M in shorts.
🔽 After the squeeze we get dump and price collapses roughly 84% back down within a day.
Lesson for traders. Free airdrops are not free if large portions are locked and insid
MMT3,93%
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MANIPULATION MASTERCLASS: How people get rekt after receiving "free gibs" 🔍
Project airdrops $MMT tokens to eligible wallets but locks 90% of airdrop into veMMT until Nov 11.
Most recipients understand that this is a worthless token and price will probably go down before Nov 11 so they hedge by shorting perps on CEXs.
🔼 Then the classic manipulated pump happens. Price explodes 1,066% liquidating around $100M in shorts.
🔽 After the squeeze we get dump and price collapses roughly 84% back down within a day.
Lesson for traders. Free airdrops are not free if large portions are locked and insid
MMT3,93%
post-image
  • Reward
  • Comment
  • Repost
  • Share
MANIPULATION MASTERCLASS: How people get rekt after receiving "free gibs" 🔍
Project airdrops $MMT tokens to eligible wallets but locks 90% of airdrop into veMMT until Nov 11.
Most recipients understand that this is a worthless token and price will probably go down before Nov 11 so they hedge by shorting perps on CEXs.
🔼 Then the classic manipulated pump happens. Price explodes 1,066% liquidating around $100M in shorts.
🔽 After the squeeze we get dump and price collapses roughly 84% back down within a day.
Lesson for traders. Free airdrops are not free if large portions are locked and insid
MMT3,93%
post-image
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  • 16
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