Release: 2024/10/20 23:04 Reading: 763
Crypto expert Ardizor shared with his 377.7k followers that a group of influential whales has been strategically accumulating low-cap meme coins, reminiscent of their tactics with popular tokens like WIF and PEPE earlier this year.
Ardizor's detailed analysis highlights a list of seven tokens that could potentially follow in the footsteps of past meme coin success stories.
Market Manipulation by Whales
Ardizor revealed how big players in the crypto market manipulate meme coins. Historically, whales have driven significant gains, pumping tokens like $DOGE, $SHIB, and more recently, $WIF, $PEPE, and $BONK.
These whales execute a multi-step strategy - pumping tokens, creating the illusion of active trading, and drawing in new liquidity. The process eventually culminates in selling their holdings, leading to massive profits.
Ardizor claims to have tracked these whales' movements through platforms like Raydium Protocol, using transaction analysis tools like Solscan to uncover their next targets. According to his research, wallets connected to these whales earned over $1 billion during the last meme coin surge, demonstrating the scale of their influence.
Seven Low-Cap Tokens Being Accumulated
Ardizor provided a list of seven low-cap meme coins that are currently on the radar of these market manipulators. The analyst noted that these tokens are being positioned for a potential rise before the end of the year. Here are the tokens highlighted:
$SIGMA - A token symbolizing independence and self-reliance, backed by a community promoting strong individualism. Market Cap: $57.8M.
$USA - Branded as a patriotic token, $USA aims to unite a community of supporters under the banner of freedom. Market Cap: $48.1M.
$MINI - A cute, cat-themed token representing a community that calls itself a family. Market Cap: $59.8M.
$LOCKIN - Encourages users to "lock in" and take action, with a call to strive for more and seize opportunities. Market Cap: $76.1M.
$HAMMY - A hamster-themed meme coin, popular for its friendly and engaging community. Market Cap: $25.8M.
$SKBDI - Inspired by the viral "Skibidi Toilet" meme, this token blends humor with blockchain, engaging a fun-centric community. Market Cap: $50M.
$WYAC - A token drawing from the famous "Woman Yelling At Cat" meme, aimed at creating a humorous and relatable ecosystem. Market Cap: $29M.
Insights into Whale Strategies
Ardizor also outlined how whales manipulate markets, which typically involves steps like pumping the token price, enhancing perceived market activity, and ultimately selling off in stages.
This insight provides readers with a glimpse into the mechanics of crypto market manipulation, revealing how the meme coin space can be subject to rapid, volatile shifts driven by influential players.
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