I really admire this coin Pippin.

They have already figured out the trick: when it rises, it wildly entices short positions and doesn’t play by the rules—suddenly surging, catching the bears off guard and leaving them hanging halfway up the mountain. After reaching a high point? It starts to consolidate and wear people down, and that's when the funding rate game comes into play.

This morning when the price rose, the fee was still at 0.00x, which was quite normal. By the evening? The project party was ready to sell, and the fee skyrocketed to a starting point of 0.1, and it was still rising. The purpose of this operation is simple: to force the short sellers to cough up all the money in their pockets, and then continue to lay back and collect funding fees, maximizing profits.

To be honest, the only ones who really made money this round are the bulls - those who dared to go long when no one else would, who went all in at new highs. As for the others? Most are basically losing.

Even if you open a short position, it will still drop, but this process will be very long. At the current speed, two days will be more than enough to wear you down. The problem is, by the time it really drops, how much of your principal will still be left? The funding rate has already eaten you clean.

Contracts are about making money through understanding and courage, while losing money is the cost of hesitation and luck. The Pippin case is worth serious contemplation for everyone involved in contracts.