Recently, PIPPIN on the Solana ecosystem has become popular, but the reason behind it is quite frustrating—this coin has had negative fees since its launch. Even more exaggerated is that the fee remains unchanged for an hour. How many short sellers have been fooled by this bizarre trend?

Looking at the chart, you can see that after three days of decline in volume, it was completely pulled back in half a day. Such a move, can retail investors play it? Clearly, the big players have long been exploiting the short sellers and eating up the fees—no, they've eaten so much they've been full. They operate the market with no pressure at all, pushing prices up and down as if playing a game.

For the bulls, it indeed looks comfortable, but such situations are becoming more common in the fast-developing Solana ecosystem. Some newly launched tokens have limited liquidity, and when the big players have large funds, they can easily control the market. The funding rate, as an indicator of leverage trading costs, being negative already shows that the shorts are desperate. This time, the tactics are quite ruthless, completely harvesting market sentiment.

The trading market is always a game of strategy. When some profit, others become the chives. The recent movement of PIPPIN seems more like a carefully orchestrated reshuffling of capital.