Devs (FNFs) realized they don't need to paint the chart anymore and they profit more running two bundles
They liquidate all of it, all the way back to 0, which shakes out 100% of holders. Nobody is left holding a bag from the first round, so nobody is left to sell into the second one
Then they slowly buy the supply back with the money they just took out. Small buys over time so the price barely moves. When they're done they own most of the supply and their cost is almost nothing
There is nothing left for anyone else to sell with super thin circ, so a $50k buy is enough to put the mc at $20m
Look at the rabbit chart. Almost all the volume traded between $2m and $4m. That's where real buyers/sellers bid as it was attractive organic levels
Above $10m there's almost nothing, and the wick to $18m has basically no volume behind it. Six times the price on less than 1/20th of the total bids
Social tracking is what makes it pay. They know that wherever the socials point, buyers show up, and those buyers don't check where the volume actually traded
So they push the price into a range nobody ever bought at or even would and retail buys it there anyway
That's when they sell. $50k in to get the price there, and they take out a million selling into everyone who shows up at the top
It only works once, because the buyers at those levels run out. So they do the whole thing again from zero, and each time the price they sell into is higher than the last
A chart that already went to 0 used to be dead
Welcome to 2026
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