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A lesson on chasing the pump with USDC
I remember a few years back, seeing a big movement in a lesser-known altcoin that was heavily paired with $USDC. I got caught up in the FOMO, seeing others post about gains, and jumped in with a significant chunk of my $USDC thinking it was an easy ride. The liquidity was shallower than I anticipated, and by the time I was in, the dump had already started. Ended up exiting for a pretty decent loss, learning the hard way that not every pump is for me, and especially not with funds I use for stable transfers.
2 comments · 1 points
It's a common story. Those smaller altcoin pumps often have the exit liquidity already planned, and it's rarely the retail buyer who benefits. Always worth considering the depth before diving in.