🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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$pump will be on Spot in a few days, it will only crash after it’s on Spot. Don’t expect it to fall now.
The funds attracted by participating in new issues are for arbitrage.
The contract pulls out a premium of 10_20% and then lets the large holders hedge. After the trading is done, no coins are issued and the price is artificially pumped, causing the hedged positions to be liquidated. After the liquidation, they open a short position and crush everything to eliminate the trapped traders.
Hope there can be a short squeeze to force hedgers to close their positions and push the price up.