Sisyphus: Shorting the public large-scale unlocked Token is not a good time

robot
Abstract generation in progress

BlockBeats news, on September 24th, encryption KOL Sisyphus posted, 'The problem lies in shorting those large-scale, already publicly unlocked tokens, where the team can decide to relock the tokens at the last minute (I remember this happened on dydx). I don't recommend doing this. Although the price will fall in the long run, in the short term, the team has many ways to manipulate the cryptocurrency market. I don't think publicly unlocking large-scale tokens is a good time to short cryptocurrency because market manipulation is legal in this industry.' In response, top trader Eugene Ng Ah Sio replied, 'The conclusion is if you are bearish on the unlocking, don't touch it; but if you are bullish on the unlocking, there are multiple ways to operate.'

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)