I took a quick look at the reason $diesel 's price was pushed back up to 18u:


It's because a few addresses bought several tens of thousands of dollars, causing an instant surge (this kind of method is unhealthy).
Looking on the chain, everyone is rushing to sell "the price has already dropped": after all, liquidity now mainly comes from big players in frbtc/diesel, other tokens lack liquidity.
Addresses that made large purchases probably won't buy anymore.
Half a month ago, BUSD/diesel surged 7 times instantly but was hammered back down;
a few days ago, frbtc/diesel surged 9 times but was also hammered back down.
Currently, IDClub hasn't updated either, the Unisat trading market has shut down, OYL has also gone bankrupt, and the Alkane subforum taken over by Subforest has no activity.
Everyone should make decisions based on their own situation, don't FOMO.
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#Alkanes #BTC
BTC0.48%
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