$M M No. 14 just unlocked I dare not short His model looks very similar to virtual height control

On the MemeX platform, most people choose to stake M for 14 days. The yield rate for these 14 days is 50%. Therefore, many people, for example, staking 10,000 dollars in M will open a corresponding position of 10,000 dollars in short on Binance to arbitrage. After the staking ends, sell M spot and cover the short position.

In 9 days, it doubled. This wave of increase is to liquidate the protective short positions. This is a typical market play, just like Mario pulling the market. Only the moment of the head cut is heartbreaking.