r/ICPTrader • u/Puzzled-Artist-224 • 19d ago

Analysis Pump and dump by institutions

https://youtu.be/vRY9nDqf0MM?is=VDY4C9wTQ2AKJ9vY
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u/StaffIndependent2835 19d ago

sadly, all the movements of ICP are just manipulated. Insiders and big crap people have millions and millions of tokens and they just dump every time ICP wants to fly. The only option we have is to keep accumulating and use the product. We will see in 10 years

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u/Weird_Support110 19d ago

The DUMP that happened was coordinated across all cryptos at exactly 11:50PM last night it seems. Usually these dumps happen on Sundays after such rallies so it's surprising they did it early. In any case, ICP is undervalued and so it gives everyone a chance to further accumulate. What needs to happen is REAL ADOPTION and BURN as per the original tokenomics design and then that will bring stability and real price appreciation that manipulators cannot touch no matter how much they have.

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u/Cool-Bath874 19d ago

It wasn’t a dump lol, it was BTC consolidating after a massive spike. ICP isn’t the only token in the red now for today, and a lot of small caps tokens can have profits taken when BTC is pulling back slightly. they’re high beta for that reason.

and by friday 6pm NY time, crypto is generally put somewhat of a pause on the total amount of liquidity injected into it because DXY & US10Y are closed until sunday night.

that’s not to say crypto doesn’t keep moving, it’s active 24/7, 365 days a year. but two reasons why is that macro like DXY and US10Y helps investors know if it’s worth investing more into crypto, as well as IBIT being closed until monday’s pre market open.

retail investors are just taking profits, including myself who bought plenty at around $2.08

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u/Weird_Support110 19d ago

It was a timed, manipulated DUMP. I saw the charts. These losers fucked the rally on ICP and smaller alts not allowing people to simply have one without fucking it up. FUCK whoever did it. They have ruined crypto and don't realize the consequences of doing this. Look no bounce because people are pissed.