Large bids on high mcap boomer tokens makes sense once you realize the strategy used is buying alt tokens that a) aren’t decreasing in price b) can support large orders (highest mcaps) c) have consistent volume on centralized exchanges If you think about it, buying “dead” tokens that have been stable in price should be a great asymmetric strategy: Upside: outperform BTC Downside: minimal as they’re mostly price stable Getting a few wins on the upside from this strategy should pay for a handful of times the strategy doesn’t work out. If I was a fund with size, with minimal knowledge/edge in current crypto but looking to get money out of crypto, pumping the high mcap dead but stable price tokens, all visible on the top-100 of coingecko, with consistent zombie volume seems like one of the best strategies possible
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