Let's review this new strategy of $PTB (you all better not touch it)
I lost 8000u to pave the way for you
1. Like most people, I analyze valuation and chip structure. The 8% circulating alpha distributes about 1-2%, and the biget activity is around 0.5%↔️ So basically, most of the chips are in the hands of the project party
2. There are only 600 holding addresses on-chain, and the contract trading volume for just yesterday was 800 million USD (what kind of scam project are you doing? Just pure contract manipulation, right?)
3. So how does the project party make money? With biget, you can have a 2% depth for just 10,000 dollars. They can't get rid of their bunch of chips, and the depth is even shallower on-chain. They can only clear through contracts, shorting the spot market. That’s indeed not a problem; it can be a one-time swim, but attention is wasted. A better way is to go long without hitting the spot, and the short positions will always be maintained, collecting funding rates every day, and after a few days, you can recover your losses
You absolutely must not touch this coin, it's a new model.