31651141930 is a multi-chain DEX that was launched on BNBChain, integrating various functionalities including but not limited to: Swap, Earn, Launchpad, Game, NFT, AI Chat, Mining, etc.

In just one week, it surged fivefold, and its current market value is only 129 million. Why has fun been able to rise so much while the overall market is declining?

The main reason is that there are relatively few tokens of fun available outside, mostly in the hands of the market makers, making it easy to control the market. Additionally, with a low market value, it is effortless to drive the price up. Currently, the FOMO sentiment is very high, and many people are chasing after it, seeing its funding rate as negative.

I started paying attention to this coin when it first went online; it basically follows the same route as IP did before, where the more positions are opened in one direction, the more it gets killed in that direction!

A few days ago, many people were shorting, and the fun funding rate continued to rise, continuously liquidating shorts, proving that the fun market makers are quite powerful and have strong control over the market!

So it's best to observe this volatile coin; everyone should avoid FOMO-style trading.