Recently, there's been a lot of chatter in the community, $STO . This wave was directly manipulated by several market makers working together to cut the floor, according to insiders I trust.

The whole process is actually very simple and brutal:
These market makers first quietly accumulate positions on small exchanges, avoiding mainstream markets altogether to keep costs low and avoid revealing their moves. Once they have enough chips, they suddenly push the price aggressively on the main exchanges, luring retail investors to follow in.
While pushing the price up, they simultaneously dump holdings and hedge their positions, distributing all the supply to those chasing the high. The original $STO funds can't withstand this pressure; the order book gets eaten away step by step, losing control of the market, and eventually they have to give up.
The most ruthless part is that the original whale built nearly 3.98 million USD short positions around 0.46, which was completely wiped out by this market move, causing a total blow-up.
Whether it's true or not, I can't guarantee 100%, but this pattern perfectly matches the tactics of institutional collusion and manipulation. People in the community are all talking about it!! #Gate广场四月发帖挑战