ML Token Dilution Signals Implied Pump-Dump Risk

I think dilution has been ongoing for a while. At ml ath we had about 75k to 100k tokens; now we're approaching 300 million. That means you’d need roughly a third more people to buy for ml to get back to its all-time high. That feels like a pipe dream, and it should have shown strength by now. In my view, ml looks like a coin that gets pumped and then dumped—the pattern suggests unpredictable swings rather than sustained upside. So, be prepared for more volatility and potential downside unless clear, durable demand and scarcity emerge.