Regarding the PIPPIN coin, the market opinions are quite divided. Experienced traders generally complain that the contract design is a trap—whether going long or short, it seems impossible to escape. On the other hand, spot traders can still profit from the spread.

The most outrageous thing is the trading strategies of some big players. Holding millions of dollars worth of altcoin contract positions and stubbornly holding on, repeatedly adding margin—this kind of approach looks amateurish beyond belief. From the K-line trend, this coin lacks substantial fundamental support and is entirely driven by market hype. Once selling pressure arises, a reversal is inevitable.

If you want to participate, I personally prefer a light position to short. Set a stop-loss at $0.8, and if the price breaks this level, exit immediately—don't follow the crowd and hold on stubbornly. Cryptocurrency markets are inherently volatile, so the key is to adjust your position according to your risk tolerance and avoid blindly copying others.