I checked the recent market data and found an interesting phenomenon.

Why are there some projects that can't be pumped no matter what? To put it simply, it's because the circulating market data is too large. Just think about it, there are chips everywhere in the market, how much real money would it take to push the price up? Especially with operations like short squeezes, the costs are ridiculously high.

The MMT case is quite typical—why can they play this short-squeeze strategy? The key lies in the highly concentrated chips, without large-scale distribution. With a high control rate, they can play however they want; pulling off a short-squeeze wave becomes more cost-effective.

So, when looking at a project, don't just focus on the technology and narrative; the design of the tokenomics and the actual circulation are the key to price trends.