$FOLKS
FOLKS has increased more than tenfold from the bottom. This alpha+ contract model brings some wealth creation effects, but in this contract-dominated market, retail investors instinctively short these coins that rise dramatically without fundamentals. Each time, you can see a lot of salaried workers holding positions worth thousands or tens of thousands of dollars in the square, which is quite heartbreaking...
These coins without spot trading and only alpha have over 95% of the chips in the hands of the project parties and market makers. Theoretically, they can pull the price as high as they want. The long-short ratio of contract data is transparent to them, but that doesn't mean it can't be played 100%. If you play without stop-loss, it's really like jumping off a cliff to do gymnastics 🤸, and it's dangerous ⚠️.
I know many people like to short high-control coins and can't resist entering when there's a spike, eating the pullback when the spike explodes 🈳. This is the most satisfying! Of course, many friends might look down on this. How do you know when there's a spike? Let me tell you, you can only wait. If you play contracts and don’t want to wait a bit, then I can only say you're wasting money playing around 😕.
