The contract has doubled, and many people wonder when it will not go short? However, there is a problem that I don't know if you have noticed; it is currently not on the exchange for spot trading, and trading can only occur on-chain. The current market value is 400 million, with an on-chain circulation of only 4 million, which is equivalent to only one-tenth of the market value. A coin with poor liquidity can't be dumped by the whales; they can only pump the price in hopes of getting it listed on the exchange for spot trading before seizing the opportunity to sell. The current fees are only increasing without dropping, and the data shows that the contracts have been continuously funded. From the two positions, these recent surges are mainly about blowing up shorts; the whales only need to spend a few million every minute to blow up a batch of people in the contract, and there seems to be no opportunity to go short at all; the risk-reward ratio is too low.