The previously mentioned $FUN has seen a significant increase. Meteor has advised everyone to continue holding. I wonder if anyone continued to hold at that time; the price point has now increased by 188%. I believe the reasons for this surge are as follows:
1. Short-term speculation: The price surged by 41.21% in a short time, combined with "1H main thin order explosion and nearly 1H total liquidation of 10.08 million USD, short liquidation of 6.986 million USD," which is a typical case of short-term capital speculation. It could be that large players or quantitative institutions leveraged market sentiment (such as the overall atmosphere of the cryptocurrency market, related hot topics) to drive up prices through a large number of buy orders, triggering liquidations on both sides for profit.
2. Market sentiment linkage: Although there are no clear direct benefits, the current cryptocurrency market is influenced by geopolitical conflicts, and capital is seeking short-term speculative opportunities. FUN has become a target for speculation, and driven by sentiment, it attracts following buy orders, pushing the price up.
I personally believe that the following reasons may lead to a decline:
1. Profit-taking sell-off: After a significant short-term increase, early holders at low positions (such as main stakeholders, early layout capital) have a strong demand for profit realization, leading to a large number of sell orders and causing the price to retreat to a relatively reasonable range.
2. Lack of sustained support: From a fundamental perspective, there are no significant breakthroughs reflected in the FUN project (such as ecological upgrades, large-scale application implementation). Pure capital speculation is difficult to maintain in the long term, and prices are likely to fall back after speculation. If there are no new positive developments (such as official project announcements or continuous inflow of new capital), there is a high probability of fluctuations or a continued downward trend.
