I think they get in, drive the price up as high as they can. Then short it, and drive prices down as far as they can. Rinse and repeat.
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I think they get in, drive the price up as high as they can. Then short it, and drive prices down as far as they can. Rinse and repeat.
That seems rather likely. They got in, pumped it, dumped it, wiped, and flushed. Now they're ready for another pump...if they feel like it. I think they probably will, when they feel like it, because crypto is so much easier to control, and produces such great returns, even on short term trades. I often can make 10% in a single day, or more. I've made around 20% in less than a few seconds before, thanks to being VERY quick with trades during a spike.
Yea plus they know retail wants in when it is going up, and they are the easiest to take money from.