PUFFER, this coin, surged violently by 30.44% in a single day—seems exciting at first glance?



But if you look at its “medical record”: on December 7th last year, it was still standing tall at $0.997, only to plunge straight down to $0.059 by December 1st this year—a drop of over 94%. And now this little rebound? It’s not even a tenth of the previous high. It’s like suddenly jumping twice in the ICU and claiming you’re ready to leave the hospital and run a marathon.

Let’s look at the data: a market cap of $27.44 million, with a 24-hour trading volume of $23.76 million. The trading volume to market cap ratio is as high as 86.61%. What does this mean? There are basically no stable holders in the entire market—just short-term funds frantically trading back and forth. This is a project with a max supply of 1 billion tokens, only 324 million currently unlocked, leaving nearly 70% of the tokens waiting to be unlocked and dumped on the market.

This typical “pump and dump, unlock and dump again” cycle is all too common in a bear market. All these fundamentally weak altcoins that suddenly surge are essentially testing how many rookies with short memories are still in the market—and whether your wallet can survive the next round of harvesting.

Stay rational and steer clear of these “zombie pump” games.
PUFFER-16.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
Ameelyvip
· 12-06 04:54
thanks for informing us thanks for informing us thanks for informing us
Reply0
Layer3Dreamervip
· 12-06 04:50
theoretically speaking, that 86.61% volume-to-mcap ratio is basically screaming recursive liquidity collapse waiting to happen... the unlock mechanics alone read like a worst-case zk-proof of concept for market manipulation lol
Reply0
MevTearsvip
· 12-06 04:30
You get excited over a 30% rebound after a 94% drop? This is a textbook example of a pump-and-dump scheme. 70% of the tokens haven't even been dumped yet. Wake up.
View OriginalReply0
ApeEscapeArtistvip
· 12-06 04:25
You still dare to buy after a 94% drop? Isn't this just gambling on whether the market maker is in a good mood today?
View OriginalReply0
SandwichTradervip
· 12-06 04:24
A 94% drop and now people get excited over a 30% rebound? Isn't this just trying to dump on new retail investors? There’s still 70% left to unlock.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)