$MEMEFI is a Web3 social game token that combines meme culture and blockchain, with a total supply of 10 billion tokens, 90% of which are distributed to the community. Players earn tokens through battles, raids, and clan assaults, which can be used to upgrade characters, trade, or invest in other players' profit-sharing.
The recent volatility has mainly been triggered by news of delisting from exchanges. After Binance announced the delisting of its futures contracts, a large number of short sellers panicked and rushed to close their positions, leading to a sudden surge in buying pressure that pushed the price up, a typical case of 'short squeeze.' However, after the spike, everyone realized that the project has had little actual progress, with the team not updating for months and a painfully low number of game users, leading to a perception of unreliability and a frenzied sell-off. Additionally, the poor liquidity on exchanges means that even a small large order can cause the price to crash. In short, this is driven by market sentiment and has nothing to do with the actual value of the project.
When it was at 0.004, I asked fans to take a short position, and it is currently at 0.003.
Gradually arranging for fans to take profits.
Daily watchlist: OM SUI SOL FUN BTC
