Recently, I've been watching PIPPIN's price action, and to be honest, this trading strategy is pretty "ruthless."

Let's put aside the fact that the tokens are highly concentrated—the key is how they're playing it. For two days straight, the price has been pinned sideways without moving, kept firmly under control, while the funding rate has been squeezed dry.

It's tough for the bears, but even tougher for the bulls. Many people's positions can't hold up and they're being forced to reduce their holdings and exit the market. The whole chart shows no clear direction at all.

Assets like MEME, to put it bluntly, are driven purely by hype and sentiment.

The main players behind PIPPIN know this very well—they keep generating topics and maintaining discussion so that attention stays high.

Bears want to get out but can't, bulls are stuck inside unable to move, and outside, everything is a carefully set trap.

Honestly:

Don't go head-to-head lightly—everywhere you look in this game, it's the market makers' chessboard.