The market is sideways, and some are getting restless. $NXPC has been consolidating around the $2.6 mark for several days, and many shorts are starting to stir, thinking 'if it can't go up = it can be shorted'. But I want to remind you: don't easily short such projects, especially $NXPC.
You might think you are shorting a coin, but in fact, you could be betting against a massive narrative.
Why is $NXPC not suitable for shorting?
1. Behind it is Nexon + MapleStory + the Korean traffic pool.
This is the first time in GameFi history where a listed company is operating a project, and traditional top-tier IPs are fully on-chain. You are not shorting a worthless coin; you are challenging the release cycle of a potential user base in the hundreds of millions.
2. The project has just launched, and the Korean exchange has yet to make its appearance.
Bithumb hasn't made a move yet, and the Korean home ground hasn't erupted. Once the news breaks, your short position might not even have time for a stop loss.
3. On-chain data is healthy, airdrop users haven't dumped, and wallet distribution is continually decentralizing.
If a coin's 'airdrop holders' are not in a hurry to sell, why should you think you can profit from shorting?
4. The current price is at the historical lowest accumulation zone; the main players have no reason to sell off now.
No one will 'shoot themselves in the foot' during the accumulation phase; sideways movement = accumulation, not distribution. What you are shorting is actually a hidden card that the main players haven't revealed yet.
The cost of shorting could be a complete loss overnight.
Many have forgotten how $AXS, $GMT, and $PEOPLE emerged after a sideways period in 2021, directly surging and crushing the shorts with three consecutive bullish candles.
If you short now $NXPC , the risk you face is not 'a 10% drop', but 'a big bullish candle teaching you a lesson'.
