Recently, while analyzing data for a popular cryptocurrency, I discovered some interesting contradictions.

The total holdings of the project show 23 million, and the whale's short positions are recorded as 1.74 million, but a single trader can open a short position of 2 million U—according to this logic, why isn't this position counted as part of the whale's holdings? There are definitely some tricks in the data statistics.

Honestly, the trading approach of this coin makes it almost impossible for retail investors to make money. It has risen 200-300 times from the bottom; how many people have actually held from the low point until now? More realistically, most people probably made their first long profit and were shaken out by subsequent volatility, or they were induced to short during the second or third wave and lost it all back.

What’s even more frustrating is the fee model—charging once every hour has been ongoing for a month, which means the project team is earning passively, and the profit-taking has almost bottomed out. When the fee cycle returns to once every four hours, it will likely be a signal that this project is truly cooling off.

I really can't understand why people with several million U in funds, whose assets already surpass most project teams, would still participate in a coin that lacks a shared application consensus. Opening a position of several million U, without corresponding ongoing revenue support, no rational person would do that. The logical chain of this matter itself explains the issue.

Conclusion: It’s advisable to observe for now, but refrain from participating temporarily.