The arrival of Niu drove the entire primary market
When the contract announcement came out, I thought that under normal trading logic there should be a shakeout, but there wasn’t
I thought the market probably wouldn’t be this fomo-driven; it should have been built by the big players themselves
After the contract came out, the big players ate a wave of short orders too, and then it went down—so they basically got a full fill
This kind of setup doesn’t require heavy control; retail investors are enough, and there’s enough discussion. In fact, it’s the one that makes the most money