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PIPPIN's Heaven and Earth Needle is truly amazing. At the moment of clearing leverage, the short position has a floating loss of over 3 million. Interestingly, a Meme coin has been played with in a completely new way.
Looking at the K-line, this big player really has no way out. They might have wanted to take profits early and withdraw, but once the hype started, they had to keep rising, keep pushing, and keep eating. Yesterday, I closed out a 3x long contract with a few brothers, and this wave indeed sold off rapidly, but at least it wasn't crushed.
However, there is a circulating theory in the market worth pondering—that the market maker's orchestrated moves are just to attract retail investors to follow. From price trends to emotional release, every step is coordinated. What do you all think about this? Is it truly market manipulation or just natural market fluctuations?