2025-12-04 17:22:54

This move is truly a textbook example of a cash grab. Big money built positions at 0.08, at one point having an unrealized profit of 19 million, but with yesterday’s pump, they cashed out everything. Now the market only has a pitiful 200,000 profit left for retail investors, and the cost is still hovering around 0.17.

What’s even more ruthless is that every time the funding rate settlement approaches, they pump the price, collect the funding fees, then immediately dump and run. This kind of play is exhausting just to watch—it’s now a game of who can run the fastest. Retail investors entering at these levels are basically just providing exit liquidity. The PIPPIN contract has really mastered the funding fee harvest routine, and it looks like there will be more choppy moves ahead to shake out more funds.

PIPPIN2.33%

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GateUser-f8c2c9f7

· 15h ago

Watching Closely 🔍

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GateUser-682967e1

· 15h ago

Very interesting point.”

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ProfessorWei

· 12-04 18:59

Spot trading keeps dropping, no one is buying spot anymore, there's no liquidity 🤧 keeps getting margin eaten

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TrustMeBro

· 12-04 18:32

Same old trick: pump the price before the funding fee settlement, then dump and run right after. Retail investors don’t even have time to react.

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BlockchainBouncer

· 12-04 17:51

Same old trick, my eyes are tired of seeing it. The whales eat the meat while retail investors get the scraps. The fee settlement timing is just too precise, they've really figured out how to play this game.

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OnchainHolmes

· 12-04 17:51

Wow, these manipulation tactics are really something. The whales run away and we end up holding the bag, then they pull another round at the settlement point for the fees. They play this game so smoothly. Retail investors are just cannon fodder. Still holding on tight at 0.17, and now PIPPIN is going to cut us down again. Let's see who can get out faster. Anyway, I'm not touching this. This scheme really needs to be exposed, it's too shady. Once they figured out how to harvest fees, they just keep repeating it. Disgusting. Why am I so bad at this, chasing the top again at the bottom. Couldn't even catch 200,000, unbelievable. Let's just watch the show, this thing is bound to blow up sooner or later. Whales really know how to pick their timing, every single time they calculate it perfectly. What's the point for retail investors here? We're just working for them.

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GateUser-5854de8b

· 12-04 17:42

Damn, this tempo is insane. The whales are playing it so slick. --- Same old trick—pump as soon as the funding rate hits, dump right after taking profits. Retail investors are always the bag holders. --- In at 0.08, out at 0.17, $19 million in unrealized gains gone just like that. That’s the real story of trading contracts. --- PIPPIN is just a meat grinder. Every funding settlement is a harvest moment. --- Just watching is exhausting. Run fast and you survive, run slow and you’re cannon fodder. This game is really not for the faint-hearted. --- $200,000 in profit isn’t even enough to fill a whale’s teeth. Retail traders really have it tough. --- The funding fee trick has been played to death. There’s more cutting to come, it’s getting annoying. --- Is this what they call textbook level? Looks more like a textbook case of fleecing retail. --- It’s always like this: just before settlement, they move, take the funding fee, then retreat. This cycle of harvesting is really clever.

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YangXiaoxi