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How are retail investors being cut?
Yesterday, an overseas blogger reported that Moonbirds had completed its snapshot and claimed that insiders were selling off. Within a day, the NFT floor price dropped from 2.72e to 1.72e, and several retail investors frantically sold at the floor price.
How urgent was it? One user started listing at a floor price of 1.74, I listed at 1.739, he changed to 1.73, I listed at 1.729, he changed to 1.72, I changed to 1.719, he changed to 1.71, and after several rounds, he directly sold at 1.6+ to the highest bidder. I also urgently canceled my order to avoid being bought.
Actually, it wasn't intentional to mess with him; I didn't even know who this holder was, and I wasn't targeting anyone. I was also taking the risk of selling at a low price. He wanted to run quickly, and I wanted to buy at a cheaper price. This is business, just a game of strategy.
Half an hour after he sold at 1.6+, more and more people in the market began to understand, and those looking to buy the dip gradually increased, causing the floor price to start rebounding. The liquidity of NFTs is poor, making them easily manipulated in the short term, especially for projects nearing TGE, where all sorts of messy news can arise. Be careful not to get trampled.
Of course, this is also a rare opportunity for us to pick up bargains. In this game, it's important to choose which side you stand on.

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