Analyst: The LYN team has artificially pumped the price by making small buys from multiple new addresses, accumulating a $700k token bag
BlockBeats News, December 26th, according to onchainschool.pro monitoring, the Everlyn (LYN) team frequently engaged in wash trading through multiple new addresses on DEX in small buy orders to boost the token price, having accumulated $700,000 worth of tokens.
It is reported that the active buying activity of the manipulation started accelerating 4 days ago, with the initial buying starting roughly a month ago. At the time of writing, LYN is now trading at $0.12187, with a 24-hour price increase of 22.1%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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