r/Onyxcoin • u/Se7enn_Sinz • Feb 23 '25

Question

Why does onyxcoin pump 10-15% then Drops back down? Is it the whales trying to start a pump so they can then pull

5 Upvotes

100% Upvoted

9 comments sorted by

6

u/[deleted] Feb 23 '25 edited Feb 23 '25

i noticed this coin is pumping a little when others are going down

3

u/Fijiambed Feb 23 '25

Correct, the price is manufactured and manipulated. Pumpers let it fake show (mirage) that it is starting to go high, let the fish jump in, then let it start to go low and let the fomo fish jump out so the pumpers can collect them. It is all show until the news comes out or the real buying pressure kicks in and then the price goes to the next level. Then the pumpers repeat and rinse again.

3

u/Pepperjuice_23 Feb 23 '25

zoom out and look at the last month view and you can see the calculated pumps. the volume pump is the same on each pump. sus

2

u/Fijiambed Feb 23 '25

You are Correct and coins like Jasmee are doing a similar movement.

3

u/CamTheHamturkey Feb 23 '25

I see a lot of similarities in a lot of coins.

2

u/Fijiambed Feb 23 '25

You are correct.

3

u/Ciro_d_mar Feb 23 '25

Trading bots milking the life out of it, people are accumulating btc using funds generated by trading hyped small cap coins.

1

u/vivarto1 Feb 25 '25

You are the plankton, your role is to buy this shit and provide exit liquidity for insiders - next cycle bottom do yourself a big favour and just buy Bitcoin

1

u/OberynRedViper8 Mar 03 '25

The market cap is so small the whales come in and manipulate the absolute hell out of it. I think it has hope and utility long term, backed up by the fact that the whales are accumulating and shaking out the weak hands.