The control ratio of IP coin is very high, about over 90%. The official claims that the circulation is 24.99% and that 10% of the coins will be airdropped to the community. However, the actual situation is that the community has only received 7,128,243 coins. By calculation: 7128243249900000=0.0285\frac{7128243}{249900000} = 0.02852499000007128243=0.0285 This ratio is far lower than the official claim of 10%, and most of the tokens circulating in the market are still held by the project party.
2. Always hanging buy orders at a low price According to a Twitter article by Chen Jian, there exists a large ghost buy order that is always below the market price by 0.02-0.03. These buy orders will not be executed regardless of market changes, but will convey a strong support signal to the market. Many quantitative strategies may be affected, mistakenly believing that there is strong support below the market.
3. Control strategy and funding rate Currently, the project party has consumed most of the scarce chips in the market, and the control situation has approached 95%. At this time, they sell in the spot market while opening large long positions in the contract market, ensuring that the spot price is higher than the contract price, thus maintaining a negative funding rate. Through this operation, they can attract more short players to enter the market, thereby collecting funding rates.
In Memory of Liquidation After holding on for two to three months, I was finally killed by #ip In the crypto world, going from earning 50,000 to losing 80,000 is simply a matter of a thought I hope spot trading triples, or I will be saved 😭
Strong control over the IP token, the dealer's control ability is extremely strong, and the risk of shorting is very high. The dealer can raise prices anytime with funds, forcing shorts to be liquidated, leaving them with significant losses. The market depth may be insufficient, leading to severe fluctuations, which can render stop-losses ineffective or even result in significant slippage. The best strategy against a strong token is to go with the trend.