@Zaynnode It's certainly dumping. FDV is well past 1 billion dollars for zero product. The only question is how far the bulls can go before it breaks down and back to the lows ๐
Yesterday MANTA price action perfectly captured crypto's biggest paradox (true for 95% of tokens):
On one hand, the fair value is probably close to zero.
On the other hand, the moment you short it, you're guaranteed to lose money on the inevitable scam pump.
Arthur Hayes (@CryptoHayes) strikes again:
1. Teases to shill a "shitcoin"
2. Hayes' family office fund predicts solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp to $4
3. Sends $2M in solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp to a market maker
4. solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp drops 15%