$PIPPIN's recent trend has sparked interesting reflections on market phenomena. The day before yesterday, there was suddenly a surge of public opinion suggesting suspected team manipulation, followed by a large number of retail investors shorting the asset. But this actually exposed a question: if the team was really controlling the market, would they act according to market expectations? Obviously not.



To put it simply, influencing public opinion costs very little; a small amount of funds can create information across various platforms. Based on this logic, the true intention of the main players might be exactly the opposite. Yesterday, I opened a position with 600x leverage based on this idea, betting that the main players would first harvest the shorts. The result was quite interesting — the funding rate was extremely high at that time, with over $200 in fees in the first hour, and another $100+ in the following hour. Although it gradually declined, from yesterday to today, the total fee income alone accumulated to over $1700.

Through this operation, I truly felt the power of information asymmetry. The main players not only wipe out short positions through liquidations but also earn high funding rates. This is the real face of efficient market control. Sometimes, market logic is so distorted — thinking in reverse is often the most advantageous.
PIPPIN9.64%
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