The performance of MAT coin aligns closely with my analysis. The concept of AI L2 has long been debunked by the market, and there isn't a strong contender. The opening was also high, so shorting was the way to go. Here are two points of summary:

1) A few minutes after opening, the price was between $3-$6, but at that time, there were no perpetual contracts on various CEXs, making it impossible to short. Later, trying a small position between $2-$3 was also possible, and now that it has dropped to $1.7, there is profit to be made;