$PIPPIN Can it still be shorted? Is the funding rate still scary now?
This is a question that a fan asked me today. The heat around PIPPIN has indeed not been as high as before. After the weekend's crash, the strength of the bulls has decreased significantly.
The main forces are continuously offloading their chips, causing the entire coin price to decline. The doge operators have a lot of chips and will not offload them all at once; a slow offloading is the main strategy.
What needs to be done is to change hands with the chips, allowing retail investors to come in and take over. Their costs are also very low, so in the short term, the probability of continued offloading is still quite high.
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