I guess this is what I'm starting to see more of lately, that a lot of these newer/meme/shytcoins are basically held by a few whales, so as soon as one dumps the rest of the community is screwed. Heard similar recently with SHIB.
They are all going to have early investors and whales, Safemoon actually has far less whale power than DOGE as we stand and a lot of other crypto.
It’s totally normal to have whales and dumping in crypto with early investors…however I’m not saying rugpulls are acceptable.
The dumping of Safemoon doesn’t bother me, it’s so extremely early in the project that the sooner they dump the better it is. The last dump months ago I took advantage and picked up billions on the massive dip.
Plus I gained millions of reflections on a single day. I was getting several hundred thousand a day and picked 3.5 million yesterday.
I’m rooting for Safemoon to crash much harder with our last huge whale I’ll pull out funds and buy more.
As far as SHIB goes, there was a lot of FUD a while back about whale power, but they were including exchange wallets and the dead wallet.
Nobody in the SHIB or Safemoon community is screwed.