Price action today seems like a psychological move from big investors, newb retail investors are more likely to buy when something is green and going up and stay a bit more cautious when the day is red (speaking from anecdotal experience).
Keeping the price down allows them to accumulate for bigger future profits and by keeping retail out now there's more potential customers for them to sell to at the top when they let it run, wait until the order book is building up and sell down to their take profit price and either stay out or buy back shares from panicked retail investors & day traders when it dips below what price they've just dumped to.
Ofcourse this may just be rambling but I've seen it plenty of times before & with these partnerships and potential customer base + profit potential throughout SEA (just SEA for now..?) the potential is currently unmatched.. should've gone for a rounded number with 5+ zeroes but I'll be content with a mortgage paid off in full before 30
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $342 | 85.46K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10317 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7209552 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10317 | 0.004 |
36 | 17700713 | 0.003 |
11 | 15815000 | 0.002 |
9 | 24649999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7209552 | 17 |
0.006 | 4466638 | 10 |
0.007 | 1853165 | 6 |
0.008 | 1685714 | 4 |
0.009 | 1100000 | 2 |
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