纵横策略

How can IR’s big players play like this? If you’re going to fill the order, fill it; if not, don’t. What’s the point of only filling 1%? After all, I was only buying 10 yuan’s worth to mark the price. I wasn’t planning to buy at this level anyway. Honestly, it’s not even cheap, with a market cap of several million, and you’re still pulling this kind of stunt on me. What a joke.

I don't know if I'm getting old or if time really is passing faster. I've had this GIGGLE project for five months, but it feels like only one month. Sometimes it feels like I've done nothing all year, and then I suddenly realize the year is almost over. I don't understand why.

HYPE has been so strong this week, burning 27 million outright, with revenue nearly tripling. That doesn’t add up. Are mainstream users shorting HYPE on the platform? Otherwise, the longs would’ve been liquidated. There shouldn’t be such exaggerated trading. UNI, though, surprised me: revenue only increased by a few hundred thousand. With such big swings, it should’ve been easy to double that. Why does UNI feel a bit like it’s being actively market-made? Something feels off about these swings and the trading activity. $UNI $HYPE $PUMP

Are you guys okay? This might actually break six.

It's not just you—I bet everyone's the same: whatever we buy goes down. The data probably exists, but the issue isn't whether it's provided; the market maker behind this coin just needs to know what percentage of it retail investors have bought.

GIGGLE's burn mechanism always feels suspicious and opaque. It says that purchases are burned, and on-chain transactions amount to around $100,000 every day. At 5% of the transaction amount, that's a significant share. Even if only 2.5% were burned, $2,500 would be burned each day. But in reality, I haven't seen any burns. It's really bizarre—where's the money?

Every day it’s either Dogecoin hyping an ecosystem centered around one dollar, or Shiba Inu coin shouting about reaching one dollar. Do these meme coins have nothing better to do? Why keep making such wild claims every day? To put it bluntly, can ordinary applications support such a high market cap? Wouldn’t it be better to just stick to being memes?
$BONK $SHIB $DOGE

Dogecoin has finally bottomed out too, back to its 2022 bear market price. After all that back and forth, what a bunch of geniuses. When it comes to holding up, you have to look at Bitcoin. Though Bitcoin has fallen over the years, it basically never breaks below its previous low, always staying above the last bear market’s low.
$BTC $DOGE

Just how bad is the economy? I often pass by this rice noodle shop. I’ve walked past it time and time again and never once seen anyone eating there. Later, it was renovated, but still nobody came. There were three people inside, sitting around playing on their phones all day. It was around six o’clock, right at dinnertime. This wasn’t just for a day or two—the renovation had been finished for over two months, and I passed by every day without seeing a single customer. Of course, other shops had customers, but the busiest ones were the fast-food places.

I woke up a little after five today, had a dream, and plan to go out and watch the sunrise.

Binance rolled out a new feature that adds liquidation markers. Isn’t forcibly closing long positions just liquidation?
$SOLV $SOL

If it drops a few more points, it'll be a black swan. Bring it on—this year's black swan hasn't shown up yet anyway.

Yesterday it surged for no apparent reason, and today it plunged for no apparent reason. So are crypto market fluctuations completely random now?

What’s the point? When UNI had no fees, it still didn’t attract funds, and now that it charges fees, the funds haven’t decreased either. It’s obvious that customers don’t care at all about fees being a little higher or lower. What’s the point of increasing cashback from 68% to 88%? The CAKE team really has nothing better to do. If it weren’t for AIPHA, it would still be losing money, yet it takes the ability to make money and acts as if it’s all its own doing…

So what big thing happened that made it suddenly surge like this? I just stepped away to watch some videos for a bit, and it took off? The crypto market shifts like this are like nonfarm payroll data—things change way too fast.

The SOLV Bitcoin staking protocol isn't doing so well either. Its ecosystem funds dropped by just 100 million, and it crashed outright. After all, it has 550 million in ecosystem funds, yet it's quite vulnerable to risk. Its market cap is only tens of millions, but it still fluctuates so wildly. If a security issue were to arise, wouldn't it go bankrupt outright? $BTC $SOLV

If Trump can’t become the next president, this $TRUMP is probably finished. It feels like it’ll be hard for it to bounce back; too many people got in at much higher prices, and lots of them bought around 30. The people who bought it are probably regretting it now. You can still hold onto Musk-related coins, since he’s young and there’s still a chance when he occasionally gives them a shout-out. The biggest shame is this $PNUT coin. If that person who was fighting over the copyright hadn’t shown up, I would’ve gone all in on it—and that would’ve ended badly. Musk really did give this coin a lot of support back then. For a while, I thought it would be the next $DOGE , especially since Trump even had it hanging in his office. What a shame that person wasn’t satisfied with $50,000.

Some people really know how to play the numbers. If you had one more or one less than me, I wouldn’t say a thing, but you’re just a tiny bit above me—that’s obviously you stealing my orders. I only put this up as bait, and you actually thought you’d get the goods?

Why have I always had faith in CAKE? Because last year, once I was sure the alpha could last, I knew it could make money. If it lasts, it can make money. And sure enough, profits went up tenfold—tenfold! Even with the market this bad, they still went up tenfold. In the first few months of last year, profits went up fiftyfold. So how did the project team bring the price down? First, they sold off all the CAKE in the treasury and converted it to stablecoins. Second, they put all the miscellaneous income that was supposed to be burned into the treasury. Third, they sent all the V2 and V3 pools into the treasury and LP, including the portion that was originally meant to be burned. Originally, 8% of overall profits was allocated to burning. But the project team decided that burning 8% was too much. What do you make of that? They don’t say, “The LP gets 84% of the profits—that’s too much, let’s give them less.” They don’t say, “The treasury gets too much—let’s give it less.” How are you supposed to play this? Is the project not making money? It is making money. Has the token price gone up? The project team is telling you right to your face: “It can make money, but I’m just not going to let the price rise.” If the project keeps making a lot of money, will they just stop burning tokens altogether? What are you supposed to do? I know this token is bound to take off in the future, but can you hold on to it? I originally planned to sell after it went up dozens of times in those few months, but it ended up dragging me along for well over a year. Ridiculous. $CAKE $UNI $JUP

Don't expect much from CAKE anymore. Going forward, once all the revenue is redirected to the treasury, the amount will only keep shrinking. This will take 3 months. A net 214,000 tokens were burned this week,