#数字货币市场洞察 $pippin Not many people really understood this move.

A lot of people compared it to those meme coins like AIA, thinking it would crash after a few days of pumping. So what happened? When it was around 0.7, a bunch of people rushed in to short, thinking they caught the top.

But the operator behind this is clearly a level above the rest. After the first round of pumping, during the sideways phase, things looked calm on the surface, but in reality the main players were quietly accumulating positions. Retail traders stick to the old belief that "sideways for too long means a drop is coming," so the short positions piled up, and the funding rate shot up as well.

Once enough fish took the bait? They just pumped it violently. Shorts got liquidated, then a 30% dump wiped out the longs—back and forth, all the cheap chips at the bottom ended up in the operator's hands. What's even more ruthless is that retail thought this time they could finally short it, but then it got pumped again and another round of shorts got liquidated.

This is a classic case of eating both longs and shorts. The main funds are still aggressively going long, forcefully pushing the price up, which means they're not looking to exit just yet. But all this repeated shaking will raise the cost of their positions, so in the long run, the risk of a dump isn't small.

I've been in this game for almost ten years and have seen a lot of extreme markets. For highly manipulated coins like pippin, regular retail traders really shouldn't get involved—if you don't have serious skills, you'll easily get chopped up. If you go with the trend and follow the operator, you might still get a piece, but going against them is basically giving away money.

What do you guys think about this coin? Feel free to share your thoughts.

$BTC $BNB