Now, how high a token can rise depends on the strength of everyone's short-selling in the contract.
For example, the token $M specializes in dealing with skeptical short-selling retail investors. All exchanges together conduct spot trading worth several tens of millions, and the total contract trading volume across exchanges amounts to several billions, with a fee rate of around -0.5 charged hourly.
A shell project with a fully diluted valuation of 16 billion is entirely supported by the fee rate, sustaining the manipulators, who have inflated the valuation.
For example, the token $M specializes in dealing with skeptical short-selling retail investors. All exchanges together conduct spot trading worth several tens of millions, and the total contract trading volume across exchanges amounts to several billions, with a fee rate of around -0.5 charged hourly.
A shell project with a fully diluted valuation of 16 billion is entirely supported by the fee rate, sustaining the manipulators, who have inflated the valuation.