$FOLKS's recent performance has indeed been outrageous. The volatility during this period has been off the charts, with the bulls getting smashed through in the morning, and the sentiment collapsing. I then took a short position, planning to see if I could find a bottom. If it can hit a new low, the unrealized losses from this morning could be somewhat mitigated.

What I truly can't understand is the fundamentals of this coin. With such a scarce circulating supply, it should logically have a support effect, so why can't the price rise? There are a few possibilities: one is that the project team itself isn't very ambitious; two is that there's an issue with the locking mechanism; or maybe the market simply doesn't take it seriously. Sometimes I feel that these project teams are indeed limited in their vision. They clearly hold scarce assets but fail to leverage the premium space brought by the scarcity of liquidity.