💀 Dump & Dump: How tokens were killed in the ecosystem⚫️ This isn’t the first time we’ve talked about
Coffin.Meme: the service has already surprised the ecosystem by introducing a unique technology for «destroying» memecoins. We highly recommend checking out
our previous post where we delved into the platform’s mechanics in more detail. In the meantime, users are trying to make the wait for the next bull cycle more interesting by profiting from falling token prices.
⚫️ And no, this is not a joke: the creator of $HYDRA is building a new narrative that profit can come not only from an asset’s rise but also from its fall. The token was the first to adopt the reward distribution technology from
DeDust.io. This is the only source of new coins entering circulation, and according to the creator, the price should increase due to the influx of miners or decrease if their numbers decreases.
⚫️ This is exactly what ecosystem participants have taken advantage of, opening short positions on the token. The number of new coin miners has significantly dropped, and the price of $HYDRA has fallen from $16 to $5, continuing to decline as more miners exit. To join the flashmob, here’s what you need to do:
1. Log into the
Coffin.Meme bot.
2. In the «Dump» tab, choose $HYDRA and the token asset you want to use for margin.
3. Select the leverage (the lower it is, the higher the risk of liquidation) and cross your fingers that the coin «plays into the coffin».
⚫️ Interestingly, the founder himself has shorted his own token, knowing that after The Open League, miners will likely sell off most of their coins, crashing $HYDRA's price to zero. We're used to seeing teams dump their tokens, but in this case, the creator of Hydra has nothing to sell — he allocated all the tokens to boosts in liquidity pools and is now trying to recoup losses through shorting.
What do you think about this new narrative?@thedailyton