It is well known, as we have seen, that some libertarian presidents are scammers. Recently we have seen Javier Milei, another libertarian who has scammed Argentinians. With the same team that created Trump and Melania coins, and with the same rug pull that the Trump family did. Using exactly the same process, they create the coin, they promote it, their followers get in, and they get scammed. Normally these scams are done through the Solana network, with one small modification that allows the developers to do whatever the hell they want with the coin. The flag (IsImmutable = false) allows developers to make modifications to the network once it is running. One modification that they do is to blacklist people that are not part of an insider's group. At that moment only a special group of people who are part of a whitelist process can sell the coin when no one else can. So they can dump the coin while everyone else can't do anything. Simple and effective. It is well-known among Solana developers, as you can see: You wouldn't believe this if it was said twenty years ago, but nowadays it is that common that people are able to develop software to detect these scams. If you want to know that the coin that you are going to buy is a scam or not, check this page: https://rugcheck.xyz/ On that page, you can check if the coin is mutable and you are being scammed. As an example, we can take our favorite scammer. Mr Trump. If you use the rug checker you should see something like this: If you don't believe me you can try it yourself. This is the address of the Trump coin in the Solana network. 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN So, yeah don't get scammed next time.
Trade the futures. Then we don't have to worry about scamming problem. How about manipulators? Manipulators are welcomed to manipulate the futures as they give trading opportunities (indirectly)
Talk about manipulated penny stocks. A group of manipulators buy a stock in huge quantities over a period of time. Soon the stock will be on many investors' radar because they use Stock Screener 'SIGNIFICANT VOLUME INCREASE'. Then big boys/small boys/retailers jump in to buy it. A few hours/days later, the manipulators close their positions, and the price starts to collapse. If the traders get out at this moment, they should be laughing all the way to the bank. If the traders HODL, they'd blame the manipulators for price collapse.
Wait, you told us "trade futures" Now you tell us a scary bed story about penny stocks. I thought I was learning something.
I was just giving an example. There are many other examples. You can read up how Nick Leeson traded / manipulated the Nikkei futures/options. He single-handedly managed to bring down the all-mighty Barings Bank.
Thanks for the memories. He is still around at 57 years. He is currently a private investigator of financial fraud. Rogue trader is a movie of his life.
Bubblemaps is a good tool tRump https://app.bubblemaps.io/sol/token/6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN melania https://app.bubblemaps.io/sol/token/FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P Argentina “Libra” https://app.bubblemaps.io/sol/token...EcSaW7L2FAvUsU?mode=3&id=GMTOiLCQ88LBKLFAhXvk
you can do this on all the networks I looked into. It's not necessarily for pump and dumps. It can prevent pump and dumps too, similar to locked limit up/down in futures or stock halts. Or if given as a bonus can be locked for a vesting period. A lot of reasons it's good
Actually most newly created liquidity pools on Solana is quite similar to boom and bust trading instrument. I have fully working high frequency bot which tracks new pools real time and interacts directly with Raydium to execute swaps within seconds however equity curve mimicks martingale - slow growth then drops. really hard, if possible, to determine when large player will decide to sell.