I heard from group members that $STO the whales were colluding with market makers to manipulate and profit from the pump and dump.

Here's how it started:
Market makers' moves are actually quite straightforward:
Initially, they slowly accumulate on some small platforms, avoiding the mainstream markets to reduce costs and avoid detection.
Once they have enough chips, they start pushing up the price on the main exchanges to attract retail investors to buy in.
While pushing the price up, they are actually selling and hedging at the same time, distributing their chips at high levels.
During this process, the original STO whales couldn't withstand this level of capital and gradually lost control of the market, eventually giving up the fight.
The whales had built about $3.98 million in short positions at the 0.46 level, which were directly taken out!
Group members say this is from institutions!
But I don't know if it's true or not!