The Influence of Crooks on Crypto Projects
The influence of financiers (or large investors) in a crypto project can be significant, especially in emerging or newly launched projects. Here are some ways in which their influence can be felt:
1. Price Manipulation
- Financiers have large funds that allow them to buy or sell large amounts of crypto assets. This can cause significant price fluctuations.
- They can artificially increase the price (pump) to attract other investors, then sell (dump) the asset when the price is already high, causing a drastic price drop and hurting small investors.
2. Control and Influence over the Project
- In some cases, financiers can be early investors or hold a majority of a project’s tokens. This gives them significant influence over management decisions and the direction of the project.
- They can influence the development team to take steps that benefit them, even though they may not always be in line with the long-term vision of the project or the interests of the community.
3. Hype Creation or FUD (Fear, Uncertainty, and Doubt)
- Brokers can use their financial and social power to create huge hype about a project through the media or influencers, which can attract many retail investors.
- Conversely, they can also spread FUD to influence market sentiment and profit from the price movements they create.
4. Liquidity Domination
- Brokers often have access to and control over liquidity in crypto trading platforms, especially in new projects or decentralized (DeFi) platforms.
- By controlling liquidity, they can dictate prices and influence trading activity, potentially affecting their profits at the expense of other investors.
5. Influence in Voting or Governance (DAO Projects)
- In DAO-based projects, brokers who hold a lot of governance tokens can have a significant say in the decisions made. This can lead to decisions that benefit them more than the wider community.
Who is Crook $Penyu Token?
Big investors definitely have an influence on a crypto, including Penyu token as an Indonesian memecoin, especially on liquidity and price. Anyone can be a big investor in Penyu, but of course the main boss is the Core developer/investor.
Because Penyu is a core blockchain ecosystem, where penyu is a token on the corechain. If penyu is successful as a memecoin, it will strengthen the core ecosystem itself, both increasing the core trading volume and increasing the core community.
Wait for the moment when the tycoons enter the penyu token. It must be proven by a solid and growing turtle community, as well as the development of a penyu ecosystem that has more appeal than other memecoins.