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Gate Square New & Returning Creator Rewards are ongoing!
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Is the Meme coin being secretly manipulated by big players again? The market tricks behind a single address with 5x returns
【Blockchain Rhythm】 Recently, something interesting happened—a top address of a Meme coin quietly invested $1,270 when the market cap was only $56,700. It only held 2% of the tokens, but now the paper profit has exceeded $100,000. In a short period, the coin price has been pushed up fivefold.
Coincidentally, the founder of the well-known Meme coin BOME released a similar meme image around the same time. If you say there’s no connection, it’s a bit hard to believe.
But to be honest—Meme coins live on market sentiment and hype, with no real use cases, and their volatility is terrifying. Making money is great, but losses can happen in an instant. Risk awareness is a must.