$PIPPIN this coin appears to be a typical whale slaughter mechanism. Any whale entering with a short position will find it very difficult to survive, as the funding rate will gradually drain your funds.

The core tactic of this type of coin is pack wolf hunting. By using high fees over a 1-hour period to attract retail traders to short, then using concentrated capital to slaughter the shorts. It's a quite interesting market game design.

Coupled with the unlimited price surge and the strategy of pulling up the price while selling off, those who enter with a short position are basically roasting on the fire. The longer you stay, the higher the chance of getting trapped. So, early participation in this type of coin is indeed more advantageous.

I personally placed a little over 1000U in a 1x long position to test the waters and see what level I can catch. I'm quite interested in how this mechanism performs.