$FARTCOIN It's unlikely to be pushed up in the short term. This person's long average price is 0.45. Will it be pushed up to help him break even, or will it continue to fall, forcing him to cut losses?
$PIPPIN It seems there aren't many sell orders in this spot market. Is it driven by the decline in the futures market? If there is a large-scale sell-off in the spot market, could it cause a cliff-like drop in the stock price?
The top holdings are all held by the whales. They can't sell too much. The spot market is severely lacking in support, and selling off will just crash the market.
I suspect they are probably only holding contracts; most of the profits in the spot market have likely been abandoned.
$ETH5L coins, regardless of the price, even if ➕ has 5 zeros, should not be merged. Only then is there hope for breaking even. Merging just leads to a bottomless pit. This is also a method used by exchanges to harvest retail investors.
Unfortunately, this kind of situation constantly occurs on the Gate.io exchange, and it creates feelings of resentment and hatred among investors. In other words, the idea that no one should win and only the house should profit is wrong. Let go of that mentality and let coins operate according to the market so that everyone can profit.