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The price movement of the BAS token lately raises deep reflections. The trend of dip from $0.17 is not just a short-term effect of the airdrop. This sustained dip likely indicates deeper issues.
Let's turn to similar cases, such as the GPS project, where we can see how some project teams collude with market makers to manipulate the market. They may fake hacker attack events while secretly dumping their coins. Then the project leader announces sanctions and buyback plans on social media, trying to restore investor trust, but in reality, it may just be an attempt to attract more funds.
As for BAS, investors should be on guard. While following the trend may seem like an attractive strategy, in the context of insufficient market transparency, blindly following the rise can lead to huge risks.
In the cryptocurrency market, it is extremely important to thoroughly research the project's background, the level of trust in the team, and the possibility of market manipulation. Investors should pay attention to the long-term potential of the project's development and its practical value, rather than succumbing to short-term price fluctuations.
Overall, the price movement of BAS raises concerns. Investors should conduct thorough due diligence before making any investment decisions and always maintain a rational and cautious approach.