$RAVE Methods of harvesting leeks:

First, control over more than 97% of the spot holdings,
then keep pushing the price higher, creating hype,
because everyone knows this kind of altcoin is air, and will definitely go to zero in the future,
so everyone contracts to short, opposing the market makers,
the more the market makers push the price up, the more leeks come in to short and oppose,
the higher the market makers push, the more leeks get in to short and oppose,
thus the market makers keep pushing the price up by 100 times,
a friend of mine lost over 3 million U, and decisively cut losses and left,
not because he didn’t have the money to hold, but because it’s simply unsolvable and impossible to win,
because market makers can continuously collect funding fees on long positions, charging you up to 2% of your principal per hour, and up to 48% of your principal in a day,
the larger your short position, the more funding fee the other side receives per hour,
so these market makers can continuously replenish their chips and keep opposing you,
if this continues, it’s fundamentally unsolvable, and you can only admit defeat.
This high funding fee is extremely unfair to retail investors; it’s precisely because of the funding fee that the market makers can’t lose. Without the funding fee, both longs and shorts could compete based on financial strength, and as the price rises, the shorting funds would gradually increase, eventually shorting everything, but with the funding fee, they can keep stealing chips from the shorting army.
The higher they push, the more people are tricked into shorting, many new leeks entering the crypto space,
easily getting caught up, even with a billion, it’s not enough to avoid losses, and they might lose all their assets in one go,
pushing the price up 100 times is abnormal fluctuation.
This kind of fluctuation is meant to deceive others into depositing money, pushing the price higher to trick people into shorting, then harvesting.
It’s also not that gamblers should die, because it’s not about losing bets, but about being scammed. This is no different from telecom fraud — raising the price to lure people into shorting, then taking their money.
If this continues, it will turn into a scam zone.
Your money isn’t lost in gambling; it’s stolen.
This thing is essentially just tricking you into investing your money; as long as there’s liquidity, the other side can draw a line and take your money.
From start to finish, only exchanges can control this; no other link can control them.#GatePreIPOsLaunchesWithSpaceX