Today is non-farm payroll day, I will avoid risks by staying out of the market, but it's boring, so I might as well open an Ant warehouse for a pig's trotter rice with the $M , waiting for my brothers to return to zero.
In the two weeks since $ACT went live, it has been a back-and-forth so much that even my mother wouldn't recognize it. Now that I think about it, looking at it really isn't worth anything. It's ridiculous to release MEMEs under the guise of AI. I seriously suspect that people who stare at this coin all day have a tendency towards masochism. Thumbs up for this life.
The reason why only $AI16Z contracts are listed is very simple: it allows market makers who have purchased a large amount of spot in the primary market to arrange short selling in the contract in advance, and then sell off the chips in their hands, cashing out while short selling to double the money. There is no way to let traders in the secondary market buy spot on the exchange to stabilize the price. This is a means to specifically cut leeks.
$XAI Gamblers don’t know what is a strong coin and what is a weak coin. They just buy when they see the chips are cheap. First there is NFP, then there is XAI.