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?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
2
Repost
Share
Comment
0/400
SerumDegen
· 13h ago
nah that liquidation cascade on PIPPIN was absolutely unhinged... 300M shorts getting rekt in one candle? tbh it screams orchestrated but like, who even knows anymore. market's just one big psyop at this point fr fr
Reply0
potentially_notable
· 13h ago
The moment the short position lost three million, I guess my mentality was shattered. This TianDiZhen is indeed unbeatable.
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?