$BLESS 24h +68.23%, but shorts get liquidated $3.13M and the retail long/short ratio is 0.57—this surge… is it a true breakout or just a hype-driven distribution?
The project is to pool idle GPUs/CPUs into a shared computing machine, while also addressing the fragmentation of AI context. Previously, the official team has been laying the groundwork for the MemoryBase data layer, emphasizing that 'import ≠ portability.' They argue that mainstream model exports are essentially just file dumps, and that the memory layer should be synchronized across tools—conceptually, they made it sound very complete. However, the contract data is a splash of cold water: 24h trading volume is $1.16B; the open interest contract market value is about 2x, but the market cap is only $35M. The top five addresses still control over 70% of the float, and the unlocking pressure from tokens locked for 18 months remains.
In the community, some posted two days ago showing that their short positions are profitable, while others are watching the K-line and chasing out of FOMO—there’s a clear split.
Right now, chasing the price up or shorting may not be the best timing. Next, we need to see whether volume can be sustained, as well as how MemoryBase actually rolls out—will the main players keep pushing higher, or will they distribute on the opportunity.
#AI #DePIN
The project is to pool idle GPUs/CPUs into a shared computing machine, while also addressing the fragmentation of AI context. Previously, the official team has been laying the groundwork for the MemoryBase data layer, emphasizing that 'import ≠ portability.' They argue that mainstream model exports are essentially just file dumps, and that the memory layer should be synchronized across tools—conceptually, they made it sound very complete. However, the contract data is a splash of cold water: 24h trading volume is $1.16B; the open interest contract market value is about 2x, but the market cap is only $35M. The top five addresses still control over 70% of the float, and the unlocking pressure from tokens locked for 18 months remains.
In the community, some posted two days ago showing that their short positions are profitable, while others are watching the K-line and chasing out of FOMO—there’s a clear split.
Right now, chasing the price up or shorting may not be the best timing. Next, we need to see whether volume can be sustained, as well as how MemoryBase actually rolls out—will the main players keep pushing higher, or will they distribute on the opportunity.
#AI #DePIN