MANTRA OM suffered coordinated price manipulation where attackers collected lot of tokens, opened shorts and dumped them all. Mantra dropped in price 91.30%.
The point of this post is to notify that when coordinated price attack comes to ICP, Dfinity has to be ready to support price. ICP volume is usually low, its easy to push price on both directions.
This is complete nonsense, ICP is not a Ponzi scheme like Mantra.
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Im not saying that anything is ponzy, Dfinity just need to make floor price when/if big drop happens.
BTW when OM bottoms, load up, there big players are stuck, they must pump to save investment. Solana had similar drop, big fund managers saved it.
thats what they want you to think. It’s chuck e cheese money and you’re just making a bunch of guys in Dubai rich. Follow the tech
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