Let's talk about the Pippin coin. Everyone says the whales are going to dump it, run away, and after selling off, they will let retail investors take over. But this is completely wrong; the whales are still here. Firstly, this coin has a very low market value, only one-tenth of its current market value before the rise. However, the trading volume on contracts is several times that of the current market value, which is interesting. The whales only need to spend one percent of the daily contract trading volume to complete the accumulation and control in the early stages; there is no need to sell off. Those who talk about selling off are not thinking clearly. After controlling the market, they can continue to push the price up to attract retail investors. Retail investors have no memory; they use the money earned from contracts to buy chips sold by others. By trading against each other, they can control the spot prices and funding rates. The whales can drain double the short positions from individual accounts just by keeping the price stable for a week. As long as the hype is there, this coin may not necessarily drop; when it does drop, it's because the whales are closing long positions and opening shorts, washing out the followers and then pushing the price up again, resulting in a double kill of longs and shorts. It's not that your skills are lacking; it's just that others are both the referee and the player, so how could you possibly win? This coin definitely has issues. When Binance set the fees, it was to regulate futures and spot prices, but if you don't supervise, the whales controlling the spot prices will turn retail investors into fodder, and the whales will harvest them over and over again. For contracts without spot, the funding rate should be canceled; otherwise, it is just a massacre of the majority of retail investors by the whales.