

So one week along after a large pump up to 2.5 cents dead twice on MEXC which equated to a 67% rise in price. As is oft the case a retrace is seen and that retrace came back to bubbling around the 2 cent line for a few days....
BBS token MEXC 1 hour chart. Screenshot 09:30 UTC 29/3/24.... but after some fierce swings, some very strange sudden buy wallsπ€, along came a 'dormant address of 2+ years' shifted 1,000,000 tokens and subsequently dumped in a few hours couple of days agoπ’. That spoiled the party and as can be seen dropped way below the 2 cent line that was 'sort of' holding. Yesterday a low of $0.015301 and thus a mere 2.2% increase on the pump start point of $0.014969 and also equates to a 97% retrace from hi of pump price. So 'Nearly' when I say Pump and Dump as it didn't quite make the 100% ...but yep it's a Pump and Dump nonetheless eh.π
Today the price has hit a low of $0.016044 just an hour or so ago, but a few small buys saw it stop out at $0.016896 exactly a week later equating to a 12.9% rise in price over the week.
With inflows into MEXC rising by some 3.2 million BBS net in the past week (Some 40% increase in supply on exchange) then there could be more selling from here ....who knows? Only the big boys know, why, and what the real plan is eh.π
DYOR, find your own conclusions, and happy trading all.
Cheers, CryptoGlyn.π¦