PONKE surged 160% in a single day, which seems astonishing. But looking back, this coin has already fallen 98%, and holders are still losing over 80%. To put it simply, who benefited from this rebound? Only the exchanges. They profited from liquidating the short positions that were trapped. Ordinary retail investors? Whether going long or short, in the end, they are paying for the exchanges' profits. This is the reality of the market — what appears to be an opportunity is often a trap that has been carefully designed.