Cryptocurrency

Rally

Polkadot

Show

Sleep

<p>Cryptocurrency trader Miya <a href="https://twitter.com/MiyaXBT/status/1735455585854795868?t=Y3AmrgqLJd6TMuQQyj1Mhg&amp;s=19" target="_blank" rel="nofollow">raises concerns</a> about coordinated manipulation driving INJ’s 150% price spike over recent weeks. She points to suspicious exchange order flow data showing massive buying pressure from 2-3 AM UTC a few days ago during Bitcoin’s flash crash, allowing INJ to hit all-time highs. This perfectly timed activity reeks of market makers engineering opportunities to lure in retail traders at optimal moments.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="389" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-1024x389.png" alt="" class="wp-image-399681" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-1024x389.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-300x114.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-766x291.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-1536x584.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-2048x778.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-395x150.png 395w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-100x38.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-921x350.png 921w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437-788x299.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-437.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><strong>Artificially Inflated Demand and Usage</strong></p> 
<p>Adding doubt, Injective’s underlying protocol usage and total value locked (TVL) paint a contradictory picture to its surging token price, sitting at a paltry $11 million TVL against a nearly $3 billion fully diluted valuation. The disconnect implies actual retail and institutional demand remains lacking, making manipulative tactics necessary to attract capital.</p> 
<p><strong>VC and Insider Self-Interests</strong></p> 
<p>Miya further connects the motivations behind the pump to INJ insiders, backers, and VCs looking to offload holdings. With unlocks distributed at lower prices during the bear market, orchestrating a speculative frenzy allows large holders to distribute tokens profitably before coordinated sell-offs later.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp;
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Install the <a class="thirstylink" rel="nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p><strong>Incentivizing Influencers and Airdrops</strong></p> 
<p>Suspiciously, the way INJ structures promotional airdrops also raises questions. Requiring staking locks retail holders into set vesting periods, preventing selling while insiders unload. In addition, rumors suggest some influencers may have been directly compensated to tout INJ.</p> 
<p><strong>Pump Scheme Following Predictable Playbook</strong></p> 
<p>INJ’s parabolic surge mirrors a formulaic pump-and-dump blueprint including manufactured exchange volume, hype-building marketing, and strategic distribution of tokens to retail before eventual dumping. Miya correctly predicted this sequence based on identifying the schemes of self-interested market makers.</p> 
<p>While INJ shows long-term technology promise, investors should remain skeptical of short-term price signals divorced from actual platform usage. As Miya bluntly asserts, “You are all falling for it.” Questionable forces seem to be strategically manipulating perceptions and access to benefit large INJ holders ahead of everyday investors.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/top-btc-analyst-explains-why-another-big-bitcoin-move-is-imminent-reveals-the-key-support-to-look-out-for/" target="_blank">Top BTC Analyst Explains Why Another Big Bitcoin Move is Imminent, Reveals the Key Support to Look Out for</a></li> 
 <li><a href="https://captainaltcoin.com/polkadot-dot-to-continue-upward-rally-as-critical-retest-proves-successful-here-are-the-next-price-targets/" target="_blank">Polkadot (DOT) to Continue Upward Rally as Critical Retest Proves Successful: Here Are the Next Price Targets</a></li> 
 <li><a href="https://captainaltcoin.com/borroefinance-sets-sights-on-outperforming-cardano-ada-and-polkadot-dot/" target="_blank">BorroeFinance Sets Sights on Outperforming Cardano (ADA) and Polkadot (DOT)</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-injectives-inj-price-pump-is-only-a-product-of-market-makers-and-influencers-manipulation-without-real-fundamentals/">Why Injective’s (INJ) Price Pump Is Only a Product of Market Makers’ and Influencers’ Manipulation Rather Than Real Fundamentals</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Injective’s (INJ) Price Pump Is Only a Product of Market Makers’ and Influencers’ Manipulation Rather Than Real Fundamentals

Table of Contents

CaptainAltcoin

Other articles published on Dec 15, 2023

Unlocking the Trust: Navigating the Reliability of Non-GamStop Casinos in the UK

Binance.US Ramps Up Defense Against SEC with Top Legal Eagles

Unprecedented Taker Sell Volume Surfaces in 2023, Signaling Market Shift

BlackRock and U.S SEC Hold Fourth Meeting on Spot Bitcoin ETF

Oval3’s IDO on ChainGPT Pad: Pioneering the Future of Fantasy Rugby with Web3 Integration

Costco’s Strong Start: Q1 Earnings Soar to $3.58 Per Share

Join our free newsletter for daily crypto updates!