The cold reality of pumps in crypto space.

in crypto •  5 years ago 

"A new token’s supply is fully controlled by operator. When he sells the supply during the pump, he doesn’t need to share the profits with traders who also bought while he was accumulating. Therefore, operator enjoys higher profit margin while spending the same money on promotion." (https://medium.com/mark-price/disposable-tokens-e5fee5d21190)

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