Loopring
A blockchain research organization pioneering the future of finance. Loopring is building protocols, infrastructure, and user-facing DeFi products atop Ethereum, envisioning a digital economy that empowers its participants with full and guaranteed self-custody of their assets.
DeFi doesn't have to be a trade-off between security and performance. With this in mind, Loopring's Layer2 solutions work in synergy with Ethereum Layer1, enabling low-fee, high-speed, Ethereum-secured platforms for trustless trading, swapping, liquidity providing, and payment.
Ongoing projects led by Loopring:
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Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
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Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
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Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.
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I saw someone found that mms/hedge funds group assets into baskets and short them, especially if those assets rival something that their friends want to put into action. You can see it when new options chains start and a fake pump begins with loads of coins, holds a price then halves , then again sometimes.
Anyway, once enough people sold via stoploss or giving up a recovery begins especially when those with money decide to flip long and they do it knowing retail already blew their money at higher levels.
Now you own more you can sell and buy between those other price levels that were created until eventually you've finished,then the price runs because retail didn't sell or it never recovers if not enough people held/ kept buying.
You can see it happening with stocks, but usually crypto. Watch for any pumping media stories, watch the price move up and down a few percent, halve then bouncing up and down for weeks and months. That's the rich (and people who keep buying at lows) taking profits and playing the in between game.