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ALGO surges 13% ? Proof of a pump-and-dump scheme by the dog whales! Old scam projects are being pumped up just to be buried!
Brothers, quickly open your eyes and don’t get caught up! This violent surge in ALGO is definitely not a sign of a trend reversal; it’s purely a dog whale trap to harvest profits! It’s an old, outdated public chain launched in 2019, hyped for years with a high-and-mighty PPoS consensus mechanism, but the actual ecosystem is terrible with no real applications, on-chain activity is ridiculously cold, and it only briefly flares up around AI and public chain hot topics. It can’t support long-term strength! From a peak of $3.79 to now $0.12, it’s dropped over 90%, trapping many veteran investors. A few days ago, they deliberately dumped to hit a new low of $0.079 to scare retail investors and secretly absorb low-cost positions. Then, in just a few days, they violently pumped over fifty percent, making the chart look like a bullish rally, but in reality, the volume can’t keep up—it's all controlled manipulation and fake pumps, specifically to trick trend-following retail investors into chasing high and buying in!
Currently, with non-farm payroll data exploding and rate cut expectations falling flat, high interest rates are locking down overall liquidity and tightening the market. This old scam coin, lacking core consensus and real backing funds, can’t withstand the pressure of the big environment. Now, the high levels are just a zone where the dog whales are pulling and dumping wildly—clearing out chips and immediately smashing the price back down, dropping to $0.08 or even hitting new lows! Those holding positions should seize the rebound to quickly exit and not be greedy for the last bit of profit. Those who haven’t entered, don’t get itchy to chase blindly. Don’t foolishly buy the dog whale’s dumps and get trapped at the top! $ALGO