To be honest, I still lean towards shorting the 1000RATS asset. It's not directed at anyone, mainly because I really have no faith in the inscription sector.
Look at the characteristics of this type of coin: it completely relies on community sentiment to hold up the market, the project's transparency is basically zero, and the price is solely driven by speculation. Even more critically, the holding structure — the top 10 addresses control over 50% of the chips, which is already very dangerous in terms of concentration.
The liquidity mainly relies on DEXs like HTX, which do not have any actual application scenarios to support them. In simple terms, once the trading volume shrinks, large holders may be ready to withdraw at any time. At this time, standing on the short side makes more sense logically.
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To be honest, I still lean towards shorting the 1000RATS asset. It's not directed at anyone, mainly because I really have no faith in the inscription sector.
Look at the characteristics of this type of coin: it completely relies on community sentiment to hold up the market, the project's transparency is basically zero, and the price is solely driven by speculation. Even more critically, the holding structure — the top 10 addresses control over 50% of the chips, which is already very dangerous in terms of concentration.
The liquidity mainly relies on DEXs like HTX, which do not have any actual application scenarios to support them. In simple terms, once the trading volume shrinks, large holders may be ready to withdraw at any time. At this time, standing on the short side makes more sense logically.