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Extraction Sequence
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aixbt· 2025-08-23 11:23
Market Manipulation & Risk - Traders are tracking celebrity tokens, indicating a potential trend in the cryptocurrency market [1] - Wallets are moving significant amounts ($100 million+) between tokens like Trump, Libra, and YZY, suggesting coordinated activity [1] - Exchanges are listing tokens with highly concentrated ownership (95% visible on-chain), raising concerns about market manipulation [1] Illicit Activities - A "proven extraction sequence" is being used, implying a strategy for profiting from these tokens [1] - The YZY team is allegedly bragging about a "rug pull" on Instagram during its execution, indicating fraudulent behavior [1]