$PIPPIN

I see many people, including Mr. K, denouncing the funding rate. Actually, I have an idea I want to express, and everyone can evaluate it. I think that if there were no funding rate, for these large holders, shorting would basically be a sure profit, and they would never have to worry about losses. It is precisely because of this 'unreasonable' funding rate that market makers can continue to push up the coin price in this way. From a long-term perspective, only when the coin price rises several times or even dozens of times can it attract more newcomers to join this market, after all, most people still hope to make money through rising coin prices.

Moreover, many people say that if market makers manipulate the market like this, it will ruin it and no one will participate. I find that quite laughable. This market is essentially a gambling market. 99.99% of coins are worthless; those issuing coins are swapping worthless trash for everyone's hard-earned money. Everyone knows this, yet they still indulge in it because there have indeed been myths of sudden wealth. In this market, apart from a few mainstream coins including Bitcoin, every altcoin has its market maker. At least these market makers are doing their job; must the entire market be healthy only if coins are sold immediately upon listing?