Is it that recently the demon coin is too much, making everyone forget that this is actually the normal mode of a zero-return coin.
Yesterday's spike was truly unexpected, those who create such demon coins are of the same kind, and recently those who created numbers like $PIPPIN $BEAT have overdone it, always thinking that all the market makers will gradually eat up the funding fees and make multiple upward pulls. A few brothers in the group who opened at 2 have been trapped up high, which is why I have never supported making demon coins; there is no logic, it's all just a gamble, a game against the market makers, a game against your own fears and greed.
Let me talk about my views on beat and pippin.
Regarding beat, the way they eat is ugly, I'm too lazy to criticize. Their so-called on-chain game, you can try it yourself, it's not even as good as the early QQ Dance in China. It's just a garbage coin with no fundamentals or logic, but unfortunately the market makers are disgusting, the past two days have seen spikes up and down, making it hard for both longs and shorts. I personally find it quite comfortable to look at the charts using open interest and funding rates. In any case, this broken thing will eventually return to zero, and if you really want to participate, be cautious with position management; your total position must not be large.
As for pippin, I initially always thought it was a zero-return coin, but actually now pippin has institutional involvement, so it has some fundamentals, of course, in the short term, I still expect a correction.
#pippin #beat #LIGHTUSDT