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It's actually very easy to understand why IPOs don't issue shares.
You often think that the crypto market is manipulated, but in fact, financial markets use the same order book mechanism, the same market maker mechanism, so how can the gameplay be different?
Only those who don't allow withdrawals can be pumped, only those who don't issue quotas can be pumped.
Whether it's coins or stocks, the principles are similar.
MMT is like this, LAB is like this, SPACEX is also like this.
So, those trading cryptocurrencies should have more confidence in their stock trading skills.