Short Time: Reasons to Maintain a Short Position on $C Token
1. Imminent Supply Shock (April 14)
An additional 10 million C tokens are scheduled for unlock on April 14. This continuous release of supply adds persistent downward pressure on the market price, further diluting the value for existing holders in a very short window.
2. Structural Imbalance: Futures vs. Spot
Despite an extreme negative funding rate persisting for months—which typically triggers a "short squeeze"—the price remains suppressed.
The Cause: The sheer volume of spot selling from the foundation effectively "crushes" any potential upward momentum.
The Result: The futures market cannot find an equilibrium because the foundation's spot liquidation outweighs any short-covering demand, making a short squeeze practically impossible.
3. Absence of Deflationary Mechanisms
Currently, only 30% of the total supply is in circulation, yet there is zero evidence of supply control.
Historical Data: Since July of last year, there have been no buybacks or burn events.
Negligence: The foundation has shown no effort to stabilize the tokenomics or protect investor value amidst increasing circulating supply, failing to implement even minimal price support measures.
4. Identity Crisis and Marketing Failure
The official communication via X (formerly Twitter) lacks professional substance and technical depth.
Content Issue: Instead of technical updates regarding the AI project, the feed is dominated by trivial character-based content and VLOG-style posts.
Perception: This creates significant confusion as to whether this is a serious AI-tech venture or a "meme" project, leading to a severe loss of institutional and retail credibility.