ONE, nothing wrong with me

What?

are you saying there's going to be another dump in 15 minutes?

probably not
this time it will happen on the opposite way

then what's the thing that incentivized the dump?

The reason it dumped so hard is the trading competition on Binance DEX:
binance.com/en/support/articles/360028960251-Harmony-ONE-Trading-Airdrop-on-Binance-DEX-25-000-000-ONE-and-3-000-BNB-to-be-Airdropped-

The competition has a rule that incentivized the dump:
> All Binance Chain addresses that reach a trading volume of 100,000 or more Harmony (ONE) tokens (including buys & sells) on Binance DEX during each full day, while also holding a minimum of 10 BNB in their address at the end of the day, will equally share a pool of 5,000,000 ONE and 600 BNB tokens.

To comply with the rule, participants have to have to dump 100k ONE then keep 10 BNB. Even if some of them feel bullish about ONE, they still have to keep that 10 BNB, so they will buy back less ONE than they held anyway, creating a higher sell pressure than buy pressure.

wait, what?

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Literally just wanted to buy, went to take a shit, come back, it rocketed 15 sats. Wow.

now the competition is reset, people are buying back 100K ONE to reach the goal again

ooooooooooo

Oh, so THAT explains the volume

thank you very much, that actually helps a lot

So, are we to see a price increase after this?

it's literally pumping right now..

holy crap, user...are you from the future? nice call, mate!

Yeah except I doubt it will continue to pump

it will
the cycle will repeat until the trading competition ends on Thursday

t-the cz bots are on

yeah it's literal free money from CZ if you figure out what's going on right there

Bought at 230 sats on a whim :-D

where are we going on this pump?

This one is clearly touched by Kali.
Oh holy one, please guide us to 1000 sats.

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the proof of this theory is that the price movements have been majorly led by the DEX if you look at: binance.org/en/trade/ONE-5F9_BNB

I dunno, but it will likely start to dump again 24 hours later

Things usually dump a lot quicker than that, no?

and then mega pump on thursday when the comp is over and all that BNB floods in?

i bought a handful around 231 on a whim too. i hope i don't wake up tomorrow regretting this...

come trade margins with me anons

Really /Biz...
I just went to get dinner and this.
fucking tight right now

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why didn't you Spill the beans sooner. I thought we was Senpai Senpai

watching these fucking bots just having at it

Brilliant call user, well done

these are all bots, right? program to follow trends when price conditions are filled?

It's always a mix, but at the moment it feels very unnatural

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Long way to go until I'm even frens, keep it pumping for me.

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Some whales might have a bot to automate the competition because it has no limitation on the number of addresses you can use on Binance DEX. The bots are likely configured to buy/sell at 00:00 UTC everyday until Thursday.

What does this shitcoin do?

who cares I day trade

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you all better keep holding! don't sell this shit.

why? isn't the competition going on right now based on trading volume? isn't this a good time to catch the margins?

Holding for a x50

ONE, nothing wrong with me

TWO, somethings got to pump

My stop losses have been fucking me up hard lately.

Both of them were just touched before the price went back up again and guess who has lost money because of this

fucking JUST

sorry desu, that sucks. the action isn't that volatile though, and there aren't a ton of stop-hunting-wicks, so you could take a smaller position and set your stops a bit lower.

that's pretty optimistic...that would put this at $1, which isn't going to happen for a long, long, long time, as far as I can see.

What's the hope here then

TELL ME WHAT IT DOES

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read the whitepaper gaylord

this coin is shit, im about to sell everything

the charts never lie

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does this mean moon? I bought at 320 sats

oof. Probably start margin trading the cycle bro.

I GOT IN AT 250 AND ALREADY LOST SO MUCH MONEY AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH I NEED MY TRADES BACK FOR WHEN TRX MOONS TONIGHT TOO

I pulled. Lost almost 1k but at least the trx pump should make me back almost what I lost. The question is....
>Do I buy back in tomorrow

The true Jow Forums way

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Hope you managed to get out at that peak

Implying everything isn't..

kek...way to panic sell...now watch as we get back above 250 in a few hours. (also, haven't you noticed that btc dropped +$300...that isn't helping

when does this thing move up? :(