The morning shorts from the $2.5 level were a masterclass in reading market manipulation. $M ’s entire model relies on artificial scarcity through lockups, giving the illusion of value while the underlying chain remains a barren wasteland.
There is zero organic demand. When you look at the buy-side depth, it’s paper-thin. A $10k sell order moves the price 5%—that’s not a project; that’s a ticking time bomb. The "market maker" is clearly exhausted, and the retail interest is evaporating. I’m continuing to short $M because the fundamental vacuum is too large to ignore.
If you’re still holding, you’re just waiting to get liquidated. Position for the slide as the fake support levels vanish one by one. The house of cards is falling.
MUSDT
Perp
2.3569
-0.39%
🎯 #MCOIN