Plath team experienced a $20,000 sell from a whale, and instead of panicking they used the opportunity to add $30,000 to the liquidity pool of the token, increasing the liquidity pool by over 10%.
In most projects to fix that dip the whales would have used that 30k to buy the coin themselves, correcting the dip instantly and pushing the market cap up in a way that is not legitimate or organic. The fact that PLATH did not do that, and instead used it to increase the liquidity pool, should tell you all you need to know about this project.
They are not looking to have large wallets eating up any dips and controlling the price of the coin, they are looking out for their community and they are allowing the community to buy in at a good price whilst they sacrifice their own wallets to increase the stability of the project and make it a stronger investment in the long term.
PLATH dropped 600k from 2m to 1.4 million, as you would expect from a jeet that large, but in under 20 minutes returned to 1.7m. Eating half the deficit.
If you’re looking for a good entry on an early gem with huge potential, this is it.
To those of you who aren’t sure what any of this means, in layman terms adding to the liquidity pool brings in larger wallets and more serious investors as it makes a project less susceptible to swing traders, it creates stability in a coin for the long term.
They raised $30,000 for this in 10 minutes and with no hesitation – that is a team you want to start backing.
Dev put 10k of his own money in. You want a project you can trust? Welcome to PLATH.
📍 Contract Address: 7wMutxpCdP3GbKaoMWoPVf2sFLCeV7a9ox25v1h2QsTp
💬 Telegram: @ PlathPortal
– Zilp
submitted by /u/Zillachow
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