#币安HODLer空投MMT this wave of Reverse play people for suckers operation is indeed ruthless

I recently came across an interesting case. The opening price of MMT was 0.3U, but the project team pulled a sneaky move – they delayed releasing the tokens to early private placement participants, resulting in no one being able to dump in the market after the opening, and even the airdrop stayed put.

Next is the magical place. When the coin price starts to rise and reaches around 1U, experienced players notice something is wrong: since the private placement coins have not been credited yet, those who have received the quota will definitely find ways to hedge the risk. As a result, many people, including some KOLs, choose to open short positions at the 1U price level for hedging—this is originally a standard risk control operation.

But the plot reversed here. The price of the MMT contract did not pull back, but instead soared to 6 dollars. What was the result? The hedging short positions were completely wiped out, collectively going bankrupt. Those who originally wanted to lock in profits through hedging instead became the "fuel" for this surge.

Some say this is "Reverse harvesting" - using professional players' hedging funds to create bottom-buying opportunities for retail investors. In any case, such operations are indeed rare in the market. The delay in issuing coins by private equity combined with price surges has completely disrupted the traditional profit model.