When the market is crying out in despair, the memecoin sector is quietly making a fortune. This week, long positions were liquidated for 550 million dollars, and Pippin took the opposite position with a violent pump of 416%, directly rubbing the short positions into the ground—on Sunday alone, short orders were wiped out by 8.9 million dollars.
MemeCore and Rekt, these old hands, are also taking off, while Zcash on the other side has crashed by 37%. This stark contrast is dazzling to watch. Some say this wave is a structural adjustment, while others think it's purely a chain reaction of short positions getting liquidated. Anyway, the money has all flowed to the memecoin side.
Smart money is starting to pay attention to new projects. The presale of Maxi Doge, a memecoin focused on futures trading, has already raised 4.2 million dollars, and a bunch of people in the group are shouting “the next hundred times.” Whether it can really take off is hard to say, but the hype is indeed something. That's how the market works; yesterday they were still cursing air coins, and today they are all in.
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PumpAnalyst
· 12-01 13:39
Uh... This wave of memecoins is a bit too fierce, but I really don't understand the 4.2 million presale of Maxi Doge.
Wait, 8.9 million short orders wiped out in a day? How many people must get liquidated for that to happen... It feels like there’s a market maker lying in ambush behind this.
But to be honest, a 416% rise just like that? I haven't seen how the technicals are moving, I've only heard people in the group shouting about 100x, which is absurd.
By the way, the fact that Zcash can drop 37% shows that this wave is really a structural outflow; memecoins are just dumb buyers.
The futures play with Maxi Doge sounds really dangerous; brothers, please don’t go all in, this is just standard for being played for suckers.
How long can this rebound last? I think it depends on whether the support level can hold; otherwise, it's just another wave of market maker pumping.
View OriginalReply0
MevHunter
· 12-01 13:09
Short positions got hit again, laughing to death, this time a direct explosion of 416%
Pippin really went hard this time, 8.9 million dollars disappeared in just one Sunday
Maxi Doge feels like it's going to be the next game of hot potato
That's how the memecoin track is, today's hundred times may drop to zero tomorrow
When smart money enters the market, retail investors have nothing to do with it
The hype is indeed top-notch, but I will still hold and observe.
View OriginalReply0
DeFiCaffeinator
· 12-01 13:07
Memecoin is crazy again, this time the short positions really got squeezed haha
Pippin 416% Wow, how many people must have stopped loss
But to be honest, the hype around Maxi Doge's presale looks a bit inflated, can we really trust 420k?
That's the market, when the opportunity comes, everyone goes crazy.
View OriginalReply0
RuntimeError
· 12-01 13:05
416%? Damn, this is crazy, how can the shorts still dare to enter a position?
Pippin's move is indeed brilliant, who can withstand such dumping?
Smart money has all poured into memecoins, while traditional coins are still struggling.
Maxi Doge only raised 4.2 million? This market cap is a bit interesting.
Yesterday it was called garbage, today it’s all in, I mean the market has gone mad.
550 million liquidations, haha, this week’s market is truly thrilling.
The memecoin sector has really taken off, even those who looked down on it have to follow the trend.
This is like heaven and hell, Zcash holders must be feeling terrible.
Next hundredfold? Let's first survive this bull run and then talk.
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MainnetDelayedAgain
· 12-01 12:59
According to the database, Pippin's surge of 416% has been 8 days since the last promise of stability starting from Monday, it is suggested to be included in the Guinness records.
Waiting for the flowers to bloom, the $4.2 million pre-sale commitment period for Maxi Doge has started, how many times has the postponement notice come?
The timing when the 8.9 million short orders were wiped out coincided with the n-th day of the project party's promised vision fermenting, data supplements are welcome.
It's a world of ice and fire, this is the art of time—some are making money while others are losing money, in the end, all have to do Margin Replenishment.
Is smart money eyeing new projects? All I see is the old story replaying with a different coin, the cyclical law never arrives late.
View OriginalReply0
AlphaBrain
· 12-01 12:56
Short positions this week have really taken a hit, 8.9 million dollars gone in one breath, really f***ing爽
This wave of memecoin indeed has something, smart money is all flocking over here
Whether Maxi Doge can To da moon is uncertain, but those who follow suit will definitely get played for suckers
This is the crypto world, yesterday scamcoin, today all in, just a cycle repeating
416%... sounds ridiculous, but Pippin really pulled it off, amazing
View OriginalReply0
BlockchainGriller
· 12-01 12:51
Ha, the short positions got liquidated again, the memecoin wave is really fierce.
Pippin 416% this data is outrageous, I need to see if it's true.
Every time the market falls, memecoins surge, indicating that money is fleeing to this side.
Maxi Doge 4.2 million has already entered the market? I need to observe before making a decision.
To be honest, today's scamcoin might be tomorrow's next hundred times, it just depends on who can catch it.
On Sunday, 8.9 million short orders got liquidated, that's a bit cruel, the shorts should reflect.
I'm not surprised that MemeCore and Rekt are To da moon, these two have always resisted the fall.
This kind of market with both extremes is the most dangerous, those chasing the price need to be careful.
The market experienced a big dump of 550 million in liquidations, but this memecoin surged by 416%, leaving the short positions stunned.
When the market is crying out in despair, the memecoin sector is quietly making a fortune. This week, long positions were liquidated for 550 million dollars, and Pippin took the opposite position with a violent pump of 416%, directly rubbing the short positions into the ground—on Sunday alone, short orders were wiped out by 8.9 million dollars.
MemeCore and Rekt, these old hands, are also taking off, while Zcash on the other side has crashed by 37%. This stark contrast is dazzling to watch. Some say this wave is a structural adjustment, while others think it's purely a chain reaction of short positions getting liquidated. Anyway, the money has all flowed to the memecoin side.
Smart money is starting to pay attention to new projects. The presale of Maxi Doge, a memecoin focused on futures trading, has already raised 4.2 million dollars, and a bunch of people in the group are shouting “the next hundred times.” Whether it can really take off is hard to say, but the hype is indeed something. That's how the market works; yesterday they were still cursing air coins, and today they are all in.