MX Token... Open your eyes and stay Away!! ⚠️⚠️⚠️

١٦ أغسطس ٢٠٢٣

MX Token is a chart i really don't like and I will raise a warning at this stage⚠️

You don't need to agree and I can't be sure but i did call:

⚠️ the Luna crash
⚠️ the FTX crash
⚠️more recently the PLS-HEX (also XEN) bad practices (multi-coiners semi-scams)

So listen up and take your own decisions but first look at this chart. It is as manipulated as it gets!
Let's discuss why.

A Tale of Manipulation and Volatility

We have many manipulated crypto prices but few stories are as compelling as that of MXUSDT, a digital asset that has seen astonishing price swings over a relatively short period. The journey of this cryptocurrency, hosted on a particular exchange, reveals a complex interplay of factors that raise suspicions of price manipulation. ⚠️⚠️⚠️

The Meteoric Rise and Subsequent Fall:
The saga begins with MX's incredible x16 increase in value. This initial surge might seem like the result of genuine market interest, but the subsequent 85% drop raises even a 10 year old's eyebrows. Such drastic fluctuations within a short span suggest that forces beyond natural market dynamics might be at play. (i say might perhaps i could be using a better word?)

The Suspicious Rise and Fall Cycle:
The story continues with an astonishing x7 increase in value, followed by a 79% plummet. This pattern of rapid ascent and sudden nosedive triggers concerns about the legitimacy of the price movements. A thriving cryptocurrency ecosystem typically reflects organic demand and supply dynamics, which seldom lead to such extreme and predictable cycles.

⚠️⚠️⚠️Unraveling the Manipulation:
Several indicators point towards the possibility of manipulation by the exchange hosting MXUSDT. Let's look at possible techniques now:

⚠️Liquidity Concerns: Manipulators often take advantage of illiquid markets to orchestrate dramatic price swings. The frequent sharp drops in MX's value after significant rallies could suggest that market liquidity is being artificially reduced, enabling whales or insiders to capitalize on the ensuing panic. (sounds like a ''shitcoin'' situation)

⚠️Wash Trading: This deceptive practice involves creating fake trades to give the illusion of activity and volume. By artificially inflating trading volume, exchanges can attract traders and investors, potentially leading to more significant price fluctuations. The sharp increases and subsequent drops in MX's value might be indicative of such activities. Unfortunately I can't be sure but it looks possible doesn't it?

⚠️Pump and Dump Schemes: These schemes involve inflating the price of an asset (pump) through misleading information or orchestrated demand, only to sell off a large quantity at the inflated price (dump). The repeated instances of rapid price surges followed by substantial drops align with the characteristics of pump and dump manipulation.

⚠️Insider Trading: If the exchange's operators have advance knowledge of market-moving events, they could take advantage of this information to manipulate prices for their benefit. The unnatural predictability of MX's price movements might be indicative of insider involvement.

I do not like what i see here

Please kindly note: this is not a 'shitcoin' launched and controlled by a psychopath in a garage.
⚠️⚠️⚠️This is the Official Token of a Crypto Exchange, trusted by investors!!!!⚠️⚠️⚠️

✔️✔️Take a look at some other 'exchange tokens' : and
They look way better and trustworthy to me so I guess i have learned how to pick the exchanges i use or partner with. ✔️✔️ open your eyes and do the same!

One Love,

The FXPROFESSOR 👨‍🏫

٢٨ سبتمبر ٢٠٢٣

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Perfect short: