According to Odaily Planet Daily, according to the monitoring of on-chain analyst Aunt Ai, PLAY soared 300% in one hour. The funding rate at the peak of PLAY was 0.2917%, indicating that the fierce buying by bulls prompted arbitrage funds to buy spot. This was driven by the buy orders of the contract. There was no fierce game between bulls and bears. The bulls could not force the air forces to surrender and pay profits by charging high funding fees. In the end, PLAY's income will become a "long-kill-long mode" where the first to run earns and the last to run.
Even PLAY and $MEMEFI are fundamentally different. MEMEFI may be able to hold on until the 11th to be automatically delivered, but PLAY does not have this opportunity. Instead, the bulls will not be able to hold on under the influence of high fees.
The success of MYX's pump-and-dump marketing has attracted a large number of retail investors to chase the tokens on the price-rising list. However, most tokens do not actually have this high-control foundation of "long-term control of funding rates at -2%." It is just a wave effect of hot money, so be cautious when chasing the rise.
