Support K, starting from MYX, the dogs are getting more and more excessive.
Previously it was MYX, then COAI came, wave after wave of cuts. Now it's awesome, coming all at once: $PIPPIN , $FOLKS , and $BEAT .
A uniform manipulation method: first throw money to raise the spot price, then set high fees.
You know very well that this thing is just a scam coin for harvesting, but you just can't short it.
Because the highest fee is 2%, and it's collected every hour, the lowest fee is also around 0.05. Once a high short position is opened, just the fees to be paid in one day are not a small number.
Taking K's short PIPPIN as an example, K only opened a short position of 1.2 million USDT, but if the dogs keep controlling the fees, and it stagnates for a year, K would need to pay 3 million in fees‼️
These beavers in the river 🦫 are completely unreasonable.
Using high fees to force players to only go long, and once they go long, the dogs immediately sell off and crash the price. It's just a game of 'run fast'.
As long as you open a short position, under a slow decline, basically the fees can erode more than 70% of the profit. If it stagnates for two or three days, the fees can wipe out the margin.
What market viability does this kind of play have?
It's said that BTC is the base currency and ETH is the barometer, but coins like BEAT are totally against market rules.
The entire market is red, but the dogs control it to make it green. If retail investors dare to go long, the dogs dare to bury them.
Strongly condemn this kind of market manipulation. Such trash coins should be reported for delisting, just playing around 🔥
