Today, I witnessed the liquidity control method of $Mirai.
The blue line in the chart represents the upper and lower price limits of the pool added by the official team. Unlike traditional AMM, $Mirai uses DLMM's Bid-Ask distribution.
Liquidity is distributed on both sides, meaning the closer the price is to the blue line, the smaller the price impact caused by swaps. Simply put, breaking through resistance becomes harder.
After adding liquidity to the pool, many degens rushed in. As the price approached the upper limit, the official team began distributing tokens from large to small holders, allowing whales to dump first.
When the price dropped to the lower limit, the contract address (CA) was announced, and token distribution was terminated. As a result, the token price returned to the upper limit in the absence of any selling pressure.
Then, the official team started distributing tokens again, causing the price to drop once more.
The base fee rate for DLMM is set at 5%, with a maximum fee rate of up to 10%. The official team enjoys collecting fees during the price manipulation process.
@Mirai_terminal @HoloworldAI
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