A Brief History of $Bozo: Painting the Perception of Value in a Memecoin
I do not expect everyone to read this, nor understand it. I am doing it for historical sake, so that some can understand the concept one day and do something about it. Hopefully TA traders can see the irregularities and how this is manipulated.
The only reason I am trying to share this is because I do not believe in fraudulent creation of cryptocurrency value. This fraudulent activity paints a picture for investors that a token is worth investing in because it has some form of “store of value.”
I do not believe that a token or community should somehow have the ability to “guarantee” value nor act like there is actual demand for something that is created out of thin air.
For those who work towards building some form of community token, it is important that we should have to do the actual work to create something that is valued by others in society, it should not somehow be guaranteed until the market sees it as valuable and then invests.
Furthermore, I am merely showing what is going on in $Bozo because I suspect the same form of fraudulent activity is going on across the Solana memecoin token ecosystem.
For those who understand this post, they can then use this information to identify the difference between tokens that have “natural” value and have some form of demand, and those that are “unnatural” and manipulated into the perception that they have value.
I could start at the beginning of the chart, but I am going to skip ahead a bit and just show the nature of the manipulation close up. At the end there is a bit of a long video, but it shows very distinctly the manipulation going on.
Here is a chart from January 19th, 2024, 14 days after the creation of $Bozo.
This shows a large bull pennant in the $Bozo chart along with “fakeouts” that were created in order to entice investors to buy, but were eventually brought back down to trendlines. This chart is just to get a starting point. It seemed pretty normal to me at this time. Later on, it will make a bit more sense how these “fake outs” were created.
Here is the first small breakout of the chart upwards:
What was hard for me to understand at the time was why it was difficult for this chart to fully breakout upwards when our momentum had grown significantly up until this time.
A new pennant had formed above the breakout line.
Soon afterwards the chart broke down in a pattern I had never seen before in twenty years of trading and chart reading.
This deep channel straight down after a breakout that was steep but seemingly “controlled” into a specific point that was desired.
Soon afterwards the straight up bounce occurred that we had seen multiple times in the $Bozo chart.
From this point, the chart began to bleed in a very controlled manner from .14 down to .1 on the chart.
From Jan. 20th until the 22nd the chart led to this formation. As you can see a very distinct channel of no major buys or sells on the way down. Complete “predictability” back to some form of support at .1
It was then around this moment that the same strange chart pattern showed up again. Before it had reached this moment, I had started a research group on what was going on in the irregular behavior with a few other Bozo holders on Twitter. We began to track wallet activity of those we suspected were taking part in some form of manipulation.
The chart settled on the .1 level for most of the day, and there was almost no volume. No rising, no declining. At this moment three of the wallets we were tracking made a coordinated dump below the trend line, which led to these charts.
A very strange downward decline that I had never witnessed before in commodities, stocks, or any form of cryptocurrency. It was like it was cascading, but in some form of “pausing way.” Until it paused completely at the bottom. There was no supporting trendlines downwards, and so for most charts this would have continued to sell off. But in the way it was done, it seemed like a “controlled demolition”.
Prior to this, I wrote an article on Medium called Is the SOL Memecoin Ecosystem being played? Who’s the Bozo exactly? | by Graffi | Jan, 2024 | Medium
In this I talk about suspecting major bot activity in the chart.
The first major red flag came at the bottom of this “pause.” We could see the bot activity that was holding the chart up. And then all sell orders were removed, and microbuys to allow the chart to rise above the two major downward trendlines was allowed to happen. This “green dancing sprout” is highly irregular and just doesn’t occur in any form of normal trading.
As if on cue, as soon as the “green bot sprout” rose above the trend line, a brand new wallet with $2,000 SOL makes a purchase to keep the chart above the trendline.
This seemingly small maneuver then led to this chart, which is highly irregular in trading.
Stair stepping through resistance trend lines, where you can also see new “green sprout” bot orders bursting through the trends.
This then leads to this highly irregular chart.
Normal trading, buys and sells, red and green, can be seen on the left hand side of this chart. That small initial “green sprout” leads to this chart, which in a “real market” with active traders you would never see.
What am I trying to say? What is my argument?
My argument is that this is all fraudulent and fake.
It is some form of new advanced system of “cross-trading” by bots who control the super-majority of the tokens. And that the tokens are not actually spread amongst multiple individuals. They may be in multiple wallets, but are in actuality controlled by the same entity. This can only be done in a “presale” token where “airdrops” are sent to wallets that are also controlled, which happened at $Bozo’s inception.
And that the entire history of the chart up until this point has been fraudulently traded and manipulated by this bot system that in reality “steers” the chart the entire way. Sure, there may be some individual traders who bought in. But what we have seen so far, with the irregular channels, the irregular bot activity, is that this chart doesn’t trade based upon trends, support or resistance. It only seems that way.
Why is this important? It removes all unpredictability from the chart. If the super majority of tokens, 95–99% are controlled by a single entity then it can “steer” either in the long run or short run the chart in any direction that it wants through “cross-trading” the token pairs, $Bozo and SOL. It is like buying an NFT from oneself to manipulate price and volume.
That means that you have multiple botted wallets that are buying and selling the chart to lead it into whatever direction that it wants. Some wallets are buying $Bozo with SOL. Some are selling $Bozo for SOL. But they are all connected together, sending SOL to new wallets to continue to “paint the chart.” This removes the unpredictability of the chart and guarantees that the chart will go in the direction that the bot owner desires. To go up, one must simply program the bots to buy more than sell. To go down, one must simply program the bots to sell more than buy. This creates false volume. But with unlimited capital, and mass control over the super majority of the tokens in existence, one can just steer a chart however they want.
This whole system can only truly be done in a technological ecosystem of zero fee anonymous transactions that Solana tokens provide.
These “pauses” after dumps are then “cross-traded” by bots downwards. That is why the channels look so irregular on the chart. Pauses do not occur in a system where there is unpredictability amongst the investors or traders. They can only be done if the majority of the token (95–99%) are owned or controlled by a singular entity. To remove the threat of an emotional holder to dump a large amount. Because most traders or investors are smart enough to recognize when major support is broken, it can begin a cascade. Because investors do not hold until the bottom, and sells lead to other sells, which eventually lead to “points” near bottoms that bounce, not “pauses.”
In this new way of manipulating a chart people can “game the system”. They can guarantee that their token will do well. Everything else on the outside is just false. They can “paint” a perceived value to their token, which will get investors or traders to eventually buy in. The “fake outs” that we saw on the first chart, were merely the way for the bots to lure new money in to where they could then steer the chart back down, to where investors who bought the top would be scared and sell their shares, which would be a way of extracting their liquidity.
In essence this system is a wealth extractor, but also a way to guarantee a chart moves in the direction that the owner wants it to. But there is no real demand. It is all false. Merely cross-trading from account to account. Because of the zero-fee nature of SOL tokens, they can do this and still be very profitable. Especially if the right catalyst is given and new investors fuel the direction that the bot owner wants the chart to go.
In my opinion, this is the fraudulent activity that has been going on. It’s a new way to “guarantee” that a token can be perceived to be valuable. And that some organization has attempted to build a new very valuable token with this as its way to create it. It is false. The charting to me proves it. The allowance of “green sprouts” to pierce trendlines leading to more buys from bot and some individual investors leading to false rises in the price and market cap of the token.
IF the majority of the token is controlled by the same bot, then they can in essence just keep the price near wherever they want it to. Because they have the power to sell or not to sell. This gives them time to attract new money into the token for extraction. With unlimited capital, they can just not sell, and inject SOL into the token itself to seemingly appreciate in value if they so choose to.
This morning, I screen recorded a similar occurrence in one of these “cross-trading multi-account bot trend line breaks.” They do this, to give them more time, and also to attract investors to put in new money because it seems stable and above trendline.
Here is a similar dump, that is then “paused” artificially at a floor of their choosing, with no trendlines below for actual support. You can see a very irregular “square bottom” on this chart, that does not happen in any natural trading environment. Not in commodities, not in stocks, not in memecoins.
An order is given for bots to begin the operation to break trend line above support. No external volume of sells is coming. At this level there would be external sellers of tokens who would worry about not breaking trendline. In this market there is no worry whatsoever. Because it is all held by the same entity.
Although this video is long, here it is.
Evidence of Botted Multi-Account Cross-Trading Trend Line Chart Breaks
A Brief History of $Bozo: Painting the Perception of Value in a Memecoin (streamable.com)
Essentially, what I am trying to say… is that a SOL token that is created by an organization with the goal of becoming a much more valuable token can be artificially “painted” to be a store of value, when there is no actual demand from the market theoretically into a much higher market value like $WIF, Myro, or BONK, and they can use this method to artificially create a semblance of “store of value”. Even on dumps by holders outside of the project, they can buy at whatever level and then inflate the token by injecting SOL into buy orders and not selling.
This is what I believe is occurring in $Bozo at the moment. It is the only thing that makes sense. By doing it this way, they can give themselves an unlimited amount of time to attract new money into the token for its development until the catalyst is given for new money to come and then further SOL is injected from the sidelines from same entity/organization. Once this is accomplished, if the token rises to a much higher market value, they can then begin to offload their tokens onto the market for a large profit. It is basically a way to guarantee development or perception of value until “off-loading” at a higher value.
I believe that $Bozo is doing it and I believe that other memecoins are doing it. But the irregularities of the $Bozo chart I have never seen before, and this is the only thing that makes logical sense from everything I have seen.
The issue is that, as long as the entity in control of the cross-trading amongst anonymous wallets does not sell $Bozo, then in actuality there is no way to know the true value of $Bozo. Because it is false and fraudulent creation of value in an unregulated cryptocurrency market. And as long as the entity or the organization connected to the entity injects SOL into buying $Bozo, they can “inflate” this to whatever level that they want. They can artificially create price stability and give themselves as much time as they want to attract “new money” from traders or investors that are not aware of what they are doing.
In the long run, it will just be a way for them to extract value from emotional investors who will buy high and sell low from price manipulation, now and in the future. Furthermore, since they can artificially keep the price at whatever level they want it, they will have “unlimited time” to achieve their goal because there is no entity established that can take the token down or identify when “threats” like this exist and to remove the token from listing. Only someone like Dex Screener, Jupiter Exchange, or various CEX listings can identify this and not allow the token to trade.
So, I do not know where this will go. I am merely trying to point out what I have seen since I have been an investor in the token since day 1. I cannot continue to be a supporter of fraudulent activities in the $Bozo token. I do not believe it is “fair” to do what they are doing and that crypto should have some form of actual “demand” to be valuable. Not just cross-traded between bots to manipulate the value of the token itself and to steer it in the direction that the entity or organization wants it to go.
Once again today a “green sprout” through trend lines giving perception of stability through micro buys and lack of sell volume to attract new buyers.
Leading to obtaining “perceived value” for investment opportunity to continue the chart upwards.
I do not know who is doing this, but they are well organized and have very deep pockets to continue this operation going. I believe that the creation of Bozo Collective was only done with this goal in mind, to create a cross-trading bot-steered memecoin that they could control indefinitely. And that the chart in general was painted before the token was even released.
Thank you for reading this.
Graffi
Bozo Council Member #15
Graffirap@proton.me
Visit us at DataDrivenInvestor.com
Subscribe to DDIntel here.
Have a unique story to share? Submit to DDIntel here.
Join our creator ecosystem here.
DDIntel captures the more notable pieces from our main site and our popular DDI Medium publication. Check us out for more insightful work from our community.
DDI Official Telegram Channel: https://t.me/+tafUp6ecEys4YjQ1
