#数字资产市场动态 Observe $PIPPIN's recent performance, which has been consolidating strongly around the 0.4 level for three consecutive days. This phenomenon reminds people of the former $FUN—a typical pump-and-dump stock.

Initially, FUN consolidated at the 0.009 breakout level for ten days,疯狂吃资费, then directly surged to 0.027, nearly tripling in value. Afterwards, it lingered at the 0.009 support level for an entire month, continuously harvesting short-term funds during that period.

How terrifying is the power of the funding fee? Roughly calculated: an average rate of 0.1% per hour, which amounts to 2.4% per day, and 24% over ten days. With compound interest, if the consolidation lasts about three weeks, even persistent bears will be gradually worn down until liquidation, as the funding costs can wipe out all profits. Essentially, this is a zero-sum game—who loses their composure first loses.

Back to PIPPIN, almost everyone in the market knows about this妖币. A single tweet from a major media outlet has nearly 680,000 views, meaning at least 600,000 retail investors are aware of this coin. If just 60,000 of them put in real money, the whale's harvesting machine begins to turn.

The current problem is, the more people know, the more retail participants there are, and the whale's harvesting ability only grows stronger. Whether it goes up or down, it might no longer matter to them—because regardless, funding fees and volatility are all about harvesting.

Some things really can't be calculated; it's all about betting on your mindset.