👇According to the current market situation, $PIPPIN 's trend towards 1U is indeed quite interesting.
The project team has been aggressively pushing the price up. Initially, it seemed like they were about to enter the realization phase, but suddenly encountered hard resistance:
Someone directly splurged 5 million USD to open a 1x short position, suffering a floating loss of half at the peak!
Currently, PIPPIN's chip structure is even more exaggerated:
Over 50% of the chips are controlled by the project team,
almost 30% are completely lying flat as dead chips,
plus a group of major players using robots to run strategies……
The entire market is almost in a "locked" state.
The trend going down is just a matter of time, but if it were me—
facing such provocation, I would definitely crush the bears first.
It's either getting blown up or being forced to reach some kind of consensus.
The smaller the market, the more concentrated the chips, the more exciting the story. @实盘带单-K哥
